_____ cartels can move an industry from competition to pure monopoly.
A) All
B) Most
C) Many
D) Very few

Name: _____ cartels can move an industry from competition to pure monopoly. A) All B) Most C) Many D) Very few
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Question

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While all cartels have the potential to decrease competition in an industry, it is very rare for a cartel to completely eliminate all competition and create a pure monopoly. Most cartels still face some competition from non-participating firms or from substitutes for their product.

_____ Cartels Can Move an Industry from Competition to Pure