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A cartel differs from a monopoly in that

A cartel differs from a monopoly in that

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A cartel differs from a monopoly in that

A cartel differs from a monopoly in that

Answer

A cartel is a group of organization or people making the same product and fixing the price and the quantity of the production.
They split the profit among themselves.
This is also a kind of monopoly.
It differs from monopoly in one sense and that is a monopoly business is run by a single individual.
The profit is taken by him alone.
The amount of profit in a cartel is less than that in a monopoly.
Different people believe in different concept of business.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 16 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 199 views.

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