This market situation is much like a pure monopoly except that its member firms tend to cheat on agreed upon price and output strategies. What is it?

Question

Quizplus · Accepted Answer

A cartel is a group of firms that come together to act as a single monopolist, setting price and output levels to maximize profits. However, unlike a pure monopoly, cartel members often cheat on their agreed upon strategies, leading to a less effective monopoly outcome.

This Market Situation Is Much Like a Pure Monopoly Except