The formation of cartels is primarily a concern in the __________ market structure(s).
A) perfectly competitive
B) monopolistically competitive
C) oligopoly
D) monopoly
E) perfectly competitive and monopolistically competitive

Question

Quizplus · Accepted Answer

Cartels are most commonly associated with oligopoly market structures, where a few firms dominate the market. In such environments, these firms can collude to set prices or output levels, effectively reducing competition and acting similarly to a single monopoly.

The Formation of Cartels Is Primarily a Concern in the __________