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Anjali samaria

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· 1 Months ago

a (Question: 197408.0 )

why sol are not available in hindi

Question:
Cartel in the economy is a part of -
Options:
A) Full event
B) Monopoly
C) Oligopoly
D) None of the above
Solution:
Ans: (c) A cartel is defined as a group of firms that gets together to make output and price decisions. The conditions that give rise to an oligopolistic market are also conducive to the formation of a cartel in particular, cartels tend to arise in markets where there are few firms and each firm has a significant share of the market.

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