A Group of Firms That Collude to Limit Competition Is

question 122

Multiple Choice

A group of firms that collude to limit competition is called a(n) :

• A) conglomerate.
• B) oligopoly.
• C) cartel.
• D) kinked demand.
• E) market concentration.

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Definitions:

Epithelial

Pertaining to epithelium, a layer of cells covering the body surfaces, cavities, organs, and blood vessels.

Muscle

Tissues in the body composed of fibers that contract to produce movement or maintain the position of parts of the body.

Nerve

A bundle of fibers that transmits electrical impulses between the brain and other parts of the body, essential for sensation and movement.

Metabolism

The set of life-sustaining chemical reactions in organisms for energy generation and molecular synthesis.