In an Economist's View, a Cartel Usually Offers to Society

Multiple Choice

In an economist's view, a cartel usually offers to society

A) all the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly.
B) all the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly.
C) none of the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly.
D) none of the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly.