Cartel models are most like
A) duopoly
B) monopoly
C) kinked demand
D) monopolistic competition
E) price leadership

Name: Cartel models are most like A) duopoly B) monopoly C) kinked demand D) monopolistic competition E) price leadership
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Question

Quizplus · Accepted Answer

Cartel models are most like a monopoly because a cartel is a group of firms that collude to act as a single entity to control prices and output, similar to how a monopoly operates.

Cartel Models Are Most Like