The cartelization of an industry with a homogeneous product usually means that

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Cartelization of an industry with a homogeneous product typically involves member firms agreeing to reduce their joint output in order to raise prices and increase profits. This is often done through production quotas or other forms of coordinated output reductions. Option A is not necessarily true, as the demand curve facing the industry could still be downward-sloping even with cartelization. Option B is not a necessary condition for cartelization. Option D is unlikely, as cartels usually attempt to restrict output in order to increase prices, which would make the demand curve facing the industry less elastic. Option E is also not necessarily true, as investment levels may not be directly related to cartelization.

The Cartelization of an Industry with a Homogeneous Product Usually