When Firms in an Oligopoly Successfully Collude and Do Not

question 162

Multiple Choice

When firms in an oligopoly successfully collude and do not cheat on a cartel agreement,they can make a long-run economic profit similar to

• A) perfect competition.
• B) monopoly.
• C) monopolistic competition.
• D) non-colluding oligopolies.
• E) the firms in regulated industries.

---

Definitions:

Gluteus Maximus

The largest and most superficial of the three gluteal muscles, involved in the extension and outward rotation of the hip.

Extension

A movement that increases the angle between two body parts.

Transverse Arch

A type of foot arch that runs across the midfoot, providing stability and support.

Soft Tissue

Refers to tissues that connect, support, or surround other structures and organs of the body, not including bones.