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  • Cartel is a form of
Multiple choice

Cartel is a form of

  1. collusive oligopoly

  2. non collusive

  3. monopoly

  4. none of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A cartel is an agreement between competing firms to control prices or exclude entry of a new competitor, which is a characteristic feature of a collusive oligopoly.

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