A Cartel Is Most Likely to Occur in

question 150

Multiple Choice

A cartel is most likely to occur in

• A) perfect competition as firms compete by reducing cost.
• B) oligopoly as firms act together to raise prices and increase profits.
• C) monopolistic competition where firms collude to increase profits.
• D) oligopoly as firms compete to lower price and increase their own profits.
• E) monopoly because it faces no competition.

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