A group of firms that has entered into a collusive agreement to restrict output and increase prices and profits is called
A) a compliance.
B) a cartel.
C) an oligopoly.
D) a duopoly.

Name: A group of firms that has entered into a collusive agreement to restrict output and increase prices and profits is called A) a compliance. B) a cartel. C) an oligopoly. D) a duopoly.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

A cartel is a group of firms that have entered into a collusive agreement to restrict output and increase prices and profits.

A Group of Firms That Has Entered into a Collusive