An example of a cooperative game would be
A) oligopoly.
B) monopolistic competition.
C) a cartel.
D) perfect competition.

Question

Quizplus · Accepted Answer

A cartel is a group of firms that come together and cooperate to reduce competition by restricting output and raising prices. This is an example of a cooperative game because the firms involved are working together to achieve a common goal, which is to increase their profits. The success of the cartel depends on the ability of its members to cooperate and to enforce the cartel agreement. Other choices are not cooperative games as they involve high competition and the firms are unable to cooperate with each other.

An Example of a Cooperative Game Would Be