Which of the Following Is a Characteristic of 'Cartel

Multiple Choice

Which of the following is a characteristic of 'cartel'? 

A)  Price can be set by a market- or price leader, or arranged through some form or price arrangement. 
B)  There is a high degree of product differentiation. 
C)  A limited number of suppliers and a limited product differentiation. 
D)  The supplier cannot influence the price of the product because there are a large number of buyers.