Gogo gas and fab fuel are among the few large producers of gasoline in that country. what is such an organization called?

ANSWER: Such organization is called Cartel.

Explanation: Gogo gas and fab fuels are the few large producers of gasoline in the country. They work together to co-operate the aspects of their market and limit the competition.  Under cartel the  prices  are raised in order to increase the profit and in order to avoid the competition cartel prices can be fixed by and for the members. These associations are independent firms and exerts some traits of monopolistic impact on the sales or production of the commodity. They are organized like OPEC.

Answer Such organization is called Cartel.

Explanation:

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