Which of the Following Is True of a Cartel

Multiple Choice

Which of the following is true of a cartel?

A) It is a contract for the licensing of industrial property rights to two or more licensees.
B) It is a combination of independent business firms organized to regulate the production, pricing, and marketing of goods by its members.
C) It is a provision according to which an industry-wide patent pool must grant reasonable access to the pool to any firm wishing to compete so that no firm will be disadvantaged.
D) It is a license that restricts who may compete with the licensee.