A cartel differs from a monopoly in that
a. one corporation has complete control of a product or service.
b. businesses making the same product agree to limit production.
c. one firm sets the prices for all goods in an industry.
d. all the firms involved in the same business merge into one entity.

Question

A cartel differs from a monopoly in that
a.	one corporation has complete control of a product or service.
b.	businesses making the same product agree to limit production.
c.	one firm sets the prices for all goods in an industry.	
d.	all the firms involved in the same business merge into one entity.

adrynicoleb · Answer

Do you have any idea of what the answer may be?

adrynicoleb · Answer

Any guess?

anonymous · Answer

a or d im not sure

adrynicoleb · Answer

Hmm. Well, a cartel is a group of producers whose goal it is to fix prices, to limit supply and to limit competition. Do you know what a monopoly is?

anonymous · Answer

exclusive control by one company over an entire industry

adrynicoleb · Answer

Yes. So do you have another guess?

anonymous · Answer

b ?

adrynicoleb · Answer

Yes. Awesome job!!! :D And thank you for the medal. :3

anonymous · Answer

thank you so much for helping :)

adrynicoleb · Answer

No problem! :D