A cartel is:
A. a duopoly with more than two firms.
B. a firm that always has a dominant strategy.
C. a number of firms who collude to make collective production decisions about quantities or prices.
D. the "leader" of an industry, typically the firm with the largest market share.
C. a number of firms who collude to make collective production decisions about quantities or prices.
Economics
You might also like to view...
An international organization created at the Bretton Woods conference in 1944 that helps coordinate international financial flows and can arrange short-term loans between countries is called the:
A) World Bank. B) International Monetary Fund. C) U.S. Treasury. D) U.S. Agency for International Development.
Economics
Demand shift to the right=
What will be an ideal response?
Economics