If two markets have the same price elasticity of demand at every price, a monopoly will not practice multimarket price discrimination

A cartel is defined to be

A) any oligopolistic industry with fewer than 4 firms. B) a form of oligopoly in which firms agree to sell at different prices like in monopolistic competition. C) a form of oligopoly in which firms formally agree to establish a common strategy, often a common price, in effect acting like a monopoly. D) a form of oligopoly in which firms agree to compete with each other on an equal basis.

In oligopoly, minimum efficient scale is large relative to the market

a. True b. False