A Cartel Is

question 113

Multiple Choice

A cartel is

• A)a group of oligopolists who try to behave like a single monopolist and split the benefits among themselves.
• B)a government-approved organization for the exchange of technical information among firms.
• C)a form of competition among oligopolists.
• D)a regulated industry that is officially permitted to set the price of its product above long-run average total cost.

---

Definitions:

Racial Categories

Racial categories are classifications of humans into groups based on physical traits, ancestry, genetics, or social relations, often used in a sociopolitical context.

United States Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy, notably through conducting the decennial census.

Bisphenol-A

A chemical compound used in the manufacturing of various plastics and epoxy resins, known for its potential health risks.

Heart Disease

A broad term that encompasses various conditions affecting the heart's structure and function, leading to significant health challenges and mortality risks.