A Cartel Usually Has a Collusive Agreement to

question 67

Multiple Choice

A cartel usually has a collusive agreement to

• A) restrict output.
• B) lower the price.
• C) boost output.
• D) increase the number of firms in the industry.

---

Definitions:

Cumulative Preferred Stock

A type of preferred stock whose dividends accumulate if not paid in a given year and must be paid out before common stock dividends.

Dividends Per Share

The amount of dividend that a company pays out to each shareholder, expressed on a per share basis.

Common Stock

A type of security that represents ownership in a corporation, entitling the holder to vote on corporate matters.

Par Value

The face value of a bond or stock as stated by the issuing company.