A Coalition of Firms Who Agree to Restrict Output for the Purpose

question 10

Multiple Choice

A coalition of firms who agree to restrict output for the purpose of earning an economic profit is called a(n) :

• A)pure monopoly.
• B)oligopoly.
• C)cartel.
• D)duopoly.

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Definitions:

Arched Path

Typically refers to a curved trajectory or route, often used in design and architecture to create visually appealing structures.

Transform Effect

A graphical effect applied in graphic design and digital editing to alter the appearance of objects, such as rotation, scaling, or skewing.

Wavy Path

A graphical representation characterized by a series of curves or undulations, often used to depict movement or a non-linear journey.

Preformatted Text Boxes

Preformatted text boxes are elements in web and application design that maintain a fixed layout and formatting, displaying text exactly as input, preserving spaces and line breaks.