JAMB - Economics (2018 - No. 77)
The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?
International monetary Fund
Countries with comparative advantage
Countries with superlative advantage
Countries producing same or identical goods
Explanation
Members producing the same or identical goods can form cartels or monopolies in other to obtain better bargaining or deals from other countries outside the membership.
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