A cartel:
a. is a group of firms formally agreeing to control the price and the output of a product.
b. has as its primary goal to reap monopoly profits by replacing competition with cooperation.
c. is illegal in the United States, but not in other nations.
d. all of these.
d
Economics
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What will be an ideal response?
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Where the planned expenditure and the 45-degree lines intersect, the economy is ________ equilibrium, with unplanned inventory investment equal to ________
A) in, zero B) out of, zero C) in, planned inventory investment D) in, autonomous planned expenditure E) out of, autonomous planned expenditure
Economics