Question

What are Pools and cartels?

Answer 1

Answer:

pool is an agreement which is made by the members of the pool produce similar product and they want to regularize the price of product.But cartel is an association of independent producers.Cartel can not interfere in the internal affairs of the firm. the pool eliminates the competition.

Answer 2

Answer:

pool is an agreement which is made by the members of the pool produce similar product and they want to regularize the price of product.But cartel is an association of independent producers.Cartel can not interfere in the internal affairs of the firm. the pool eliminates the competition.