Multiple Choice
A cartel is
A) a group of oligopolists who try to behave like a single monopolist and split the benefits among themselves.
B) a government-approved organization for the exchange of technical information among firms.
C) a form of competition among oligopolists.
D) a regulated industry that is officially permitted to set the price of its product above long-run average total cost.
Correct Answer:
Verified
Correct Answer:
Verified
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