Which statement is true?

A) Most oligopolies in the United States take the form of a cartel.
B) Covert collusion has probably never taken place among American oligopolists.
C) The cartel and the cut throat competitor are on opposite ends of the competitive spectrum.
D) None of these statements are true.

Covert Collusion

A secret agreement between firms to fix prices, limit production, or divide markets, which is illegal and anti-competitive.

Cartel

A group of firms behaving like a monopoly.

Competitive Spectrum

The range of competition levels across different markets or industries, from perfect competition to complete monopoly.