Concept:A cartel is a formal or informal agreement among independent producers of similar goods to coordinate output and fix prices.
Explanation:Different organisations of producers exist in business and economics.
A syndicate is usually a temporary association formed to carry out a specific large project.
A trust is a combination of firms under a single central management, eliminating separate ownership.
A consortium is a group of independent companies that join together for a common objective, such as financing a big venture.
However, when independent producers of similar products join hands to control output and fix prices, they form a cartel.
The main motive of a cartel is to reduce competition, raise prices, and increase collective profit.
Therefore, the organisation described in the question is clearly a cartel.
Answer:B. cartel