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A Group of Firms That Colludes to Limit Competition by Assigning

Question 15

Multiple Choice

A group of firms that colludes to limit competition by assigning production quotas and setting a uniform price for all is called a(n)

A) conglomerate
B) balanced oligopoly
C) cartel
D) oligopoly with kinked demand curves for each of the firms in the collusion
E) unbalanced oligopoly

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