A cartel is: the name for firms in any oligopoly market. O a group of firms using preemptive strategies. a collusive organization. an oligopolist that competes with other oligopolists. O a group of firms using price leadership.

A cartel is: the name for firms in any oligopoly market. O a group of firms using preemptive strategies. a collusive organization. an oligopolist that competes with other oligopolists. O a group of firms using price leadership.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter10: Monopolistic Competition And Oligoply

Section: Chapter Questions

Problem 9SQ

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Question

A cartel is:
O the name for firms in any oligopoly market.
O a group of firms using preemptive strategies.
a collusive organization.
an oligopolist that competes with other oligopolists.
a group of firms using price leadership.

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