A cartel differs from a monopoly in that?

1 Answer

Answer :

a cartel is a group that agrees to charge monopoly price andquantity, splitting quantity amongst themselves.so a monopoly is one company and a cartel is a group. Profitsare lower for cartel members because they only produce a totalquantity that is equal to a monopolists production.novanet-businesses making the same product agree to limitproduction

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