When Two or More Firms Form a ________ Agreement and Set

question 20

Multiple Choice

When two or more firms form a ________ agreement and set price and quantity in unison,economists refer to them as ________.

• A) competitive; a cartel
• B) collusive; social benefactors
• C) collusive; a cartel
• D) monopolistically competitive; social benefactors
• E) monopolistically competitive; a cartel

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Definitions:

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An influential American civil rights leader known for his nonviolent activism and his role in the American civil rights movement, promoting civil rights through peaceful protests.