The Key Behavioral Assumption of the Cartel Theory Is That

Multiple Choice

The key behavioral assumption of the cartel theory is that oligopolists in the industry act as if

A) all firms in the industry are the same size.
B) all firms in the industry are price takers.
C) there is a dominant firm in the industry and many fringe firms.
D) there is only one firm in the industry.
E) none of the above