Which of the following is NOT an example of a government-supported cartel?
A) local laws restricting the number of cab companies that may operate in a particular township
B) milk cartel in the United States
C) OPEC
D) government subsidies supporting innovation in clean-coal industries

Question

Quizplus · Accepted Answer

A government subsidy supporting innovation in clean-coal industries is not an example of a government-supported cartel. A cartel is a group of companies that agree to limit their production or raise their prices in order to increase their profits. Subsidies to support innovation in a particular industry are not the same thing as a cartel, as they do not involve companies colluding to limit competition or dictate prices.

Which of the Following Is NOT an Example of a Government-Supported