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6 Oct 2020
Which of the following market structures describe an industry in which a group of firms formally agrees to control prices and output of a product?
a. Perfect competition
b. Monopoly
c. Oligopoly
d. Cartel
e. Monopolistic Competition
Which of the following market structures describe an industry in which a group of firms formally agrees to control prices and output of a product?
a. Perfect competition
b. Monopoly
c. Oligopoly
d. Cartel
e. Monopolistic Competition
Anne Gillian DueroLv10
4 Nov 2020