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10 July, 12:49

A cartel differs from a monopoly in that

A. one firm sets the prices for all goods in an industry.

B. one corporation has complete control of a product or service.

C. all the firms involved in the same business merge into one entity.

D. businesses making the same product agree to limit production.

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Answers (1)
  1. 10 July, 12:55
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    A cartel differs from a monopoly in that with a cartel you have multiple businesses making the same product which then agree on limiting production. Through this they manipulate the price then. This is not something a monopoly does, a monopoly is usually one company which has all the maret share over certain goods.
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Home » Social Studies » A cartel differs from a monopoly in that A. one firm sets the prices for all goods in an industry. B. one corporation has complete control of a product or service. C. all the firms involved in the same business merge into one entity. D.
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