A syndicate is an/a

A syndicate is an/a
  • A.
    association formed by the joining together of firms which were previously independent
  • B.
    association of firms at the same stage of production, formed for the purpose of keeping up prices
  • C.
    association of firms for the regulation of output and prices
  • D.
    combination of firm which carry on the same kind of business such as retailing
  • E.
    company that controls one or more other companies by holding majority of their shares
Correct Answer: Option B
Explanation
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