An association of producers in an industry that agree to set common prices and output quotas to prevent competition is

A) an oligopolist.
B) a monopolistic competitor.
C) a constrained monopoly.
D) a cartel.

Answer: D

Economics

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If a bank buys securities, its

A) net worth increases. B) net worth decreases. C) reserves increase. D) reserves decrease.

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All normal-form games have at least one dominant strategy

Indicate whether the statement is true or false

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