Concept:A cartel is an agreement among independent firms to control market conditions, often by sharing markets on a quota basis.
Explanation:Independent businesses may join together to reduce competition and increase profits.
They agree on production limits, price levels, or market territories.
In a quota-based market-sharing arrangement, each firm is given a fixed share of the total market.
This allows the firms to act like a single monopoly while remaining separate in ownership.
Such an arrangement is known as a cartel, not a syndicate, trust, or integration.
Answer:A. Cartel