Which market structure is most likely to feature a cartel?

Which market structure is most likely to feature a cartel?

Select one:

a. Monopoly

b. Oligopoly

c. Monopolistic competition

d. Perfect competition

e. Deadweight loss

The production possibilities frontier shows the possible combinations of two goods that are affordable given a consumer's limited income.

Select one:

True

False

If two firms dominate an industry the market is known as:

Select one:

a. Monopolistic competition

b. Competitively monopolistic

c. Duopoly

d. Oligopoly

e. Monopoly

The challenges of income inequality is easily solved by most societies.

Select one:

True

False