question archive When oligopolists collude, they form a: A
When oligopolists collude, they form a: A
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When oligopolists collude, they form a:
A. Monopoly
B. Conglomerate
C. Union
D. Cartel
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When oligopolists collude, it forms a cartel in order to improve their profits and can dominate the market. A perfect example of cartel that exists today is the Organization of Petroleum Exporting Countries or OPEC. Therefore, the correct answer is D.
