In a cartel the firms in an oligopoly join together and may set the same price and overall quantity as a monopolist.

Name: In a cartel the firms in an oligopoly join together and may set the same price and overall quantity as a monopolist.
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In a cartel, firms in an oligopoly collaborate to control prices and output in a similar manner to a single monopolist, effectively reducing competition and maximizing collective profits.

In a Cartel the Firms in an Oligopoly Join Together