Which form of market induces trusts and cartels?

[1 mark]

Perfect competition

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Monopoly

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Monopolistic competition

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Oligopoly

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Solution

The correct option is D Oligopoly
Cartel is a property of oligopoly, where firms come together to decide price and output.

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Which form of market induces trusts and cartels? [1 mark]

The correct option is D OligopolyCartel is a property of oligopoly, where firms come together to decide price and output.

Which form of market induces trusts and cartels?

[1 mark]

The correct option is D Oligopoly
Cartel is a property of oligopoly, where firms come together to decide price and output.