A cartel is an example of:
A) price extortion.
B) price leadership.
C) overt collusion.
D) tacit collusion.

Name: A cartel is an example of: A) price extortion. B) price leadership. C) overt collusion. D) tacit collusion.
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Question

Quizplus · Accepted Answer

A cartel is an example of overt collusion, where member firms coordinate their actions to restrict output and raise prices. This often involves agreements to divide markets, allocate output quotas, and set prices collectively to maximize profits.

A Cartel Is an Example Of