There are only 5 suppliers of toilet paper to GreenVillage.If all of them agree to set the price at $0.85 per roll,this would be:
A) A cartel
B) Price leadership
C) A monopoly
D) A duopoly
E) A legal contract
Correct Answer:
Verified
Q121: An oligopoly is characterized by
A)few firms, which
Q124: Something is called a barrier to entry
Q132: In oligopoly, minimum efficient scale is large
Q138: Which of the following is not considered
Q148: Two heavy equipment manufacturers might collude in
Q150: An oligopolist that cheats on a collusive
Q152: Which of the following is an example
Q153: A cartel's profit-maximizing price is
A)on the demand
Q155: A cartel's marginal cost curve is the
A)highest
Q156: Cartels are inherently unstable.
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