Home | MyPCC X DZL Quiz 8 - EC-201-10027 - Prin E X Course Section | Portland Com x Course Home x / P mylab.pearson.com C online.pcc.edu/d21/le/content/413109/viewContent/9080643/View C Quiz 8 X Time Limit: 0:30:00 Time Left:0:29:29 Eva ONDONGO NGALA: Attempt 1 Page 1: is a market that features a large number of competing firms, but the products that they sell are not identical . _is a type of imperfect competition, a market that features a small number of firms that dominate the market. cartel When firms act together to reduce acquisition output and keep prices high it is called a(n) _ v oligopoly A group of firms that have a formal agreement to collude to produce the monopoly output and sell at the concentration ratio monopoly price it is called a(n)_ v collusion is a scenario in which the gains from cooperation are larger than the rewards from pursuing self-interest. v prisoner's dilemma O' The _shows the case in which competing oligopoly firms commit to V corporate merger match price cuts, but not price increases. v kinked demand curve 7. A(n)_ occurs when two formerly