A cartel is most likely to appear under what type of competition?
A) many differentiated sellers
B) oligopoly
C) perfect competition
D) monopoly

Question

Quizplus · Accepted Answer

A cartel is most likely to appear in an oligopoly, where there are a few large firms that control a significant portion of the market. In this type of market, firms are more likely to collude and form a cartel in order to increase their profits.

A Cartel Is Most Likely to Appear Under What Type