Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

A group of firms that gets together to make price and output decisions is called ?

/ Economics Mcqs, Profit Maximizing Under Perfect Competition And Monopoly / By
A group of firms that gets together to make price and output decisions is called ?

A. a concentrated industry.
B. a cartel
C. price leadership
D. an oligopoly.