A Cartel Is

question 42

Multiple Choice

A cartel is

• A)explicit collusion
• B)a conglomerate merger
• C)a horizontal merger
• D)legal in the United States
• E)implicit collusion

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Definitions:

Offeror

An entity or person who puts forth a proposal or bid for a contract, indicating a willingness to enter into an agreement under specified terms.

Consideration

Something of value (such as money, services, or goods) that is exchanged between parties in a contract, making the agreement legally binding.

Offer and Acceptance

Fundamental principles in contract law where an offer proposal is made by one party and accepted by another, resulting in a legally binding agreement.

Agreement

A mutual understanding or arrangement between two or more parties outlining each party's rights and responsibilities.