If oligopolists engage in collusion and successfully from a cartel, the market outcome is?
Athe same as if it were served by a monopoly.
Befficient because cooperation improves efficiency
Cthe same as if it were served by competitive firms.
Dknown as a Nash equilibrium
Correct answer
A. the same as if it were served by a monopoly.
Explanation
The correct answer is the same as if it were served by a monopoly..