All of the Following Statements,except One,are Correct Concerning the Cartel

question 84

Multiple Choice

All of the following statements,except one,are correct concerning the cartel variant of oligopoly theory.Which is the exception?

• A)An effective cartel restricts the supply of the product being sold.
• B)The individual members of the cartel must agree to and respect quotas on their output.
• C)The primary threat to the success of a cartel is government regulation.
• D)The output and the price of the cartel are often similar to that of a monopoly.