Question

a cartel and a monopoly differs in that

Answer 1

a firm is a monopoly when it is the sole supplier in a particular market. e.g. Royal Mail. A cartel on the other hand is a group of firms colluding together, essentially acting as one firm. Assuming you're familiar with how monopoly works by restricting output and thus raising prices, (look up demand and supply graphs for monopoly, they'll explain why), a cartel firms aim to do the exact same thing by colluding together. The best example is probably OPEC. One important difference is cartels probably wont last long since every individual firm can increase profits by undercutting the market.

Answer 2

its easy to find some answers on google this one is pretty right on

Answer 3

i hope this helps

Answer 4

Testimony to @helter-skelter12345 she has it right.