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:

Safety

The state of being safeguarded against or not susceptible to harm, danger, or damage.

Culturally Linguistically Diverse

Pertains to groups or individuals from varied cultural backgrounds and with different language proficiencies, highlighting the richness and complexity of a multicultural society.

At-risk

used to describe individuals or groups facing higher probabilities of negative outcomes, such as failure in school or involvement in criminal activities, due to various risk factors.

Disengaged

Family members withdraw from one another, become distant.