When four Infineon Technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as:
A) if they were in a contestable market.
B) if they faced kinked demand curve.
C) a cartel.
D) an industry with monopolistic competition.

Question

Quizplus · Accepted Answer

The executives were acting as a cartel, which is a group of firms that collude to fix prices and limit competition in order to increase their profits.

When Four Infineon Technologies Executives Participated in an International Conspiracy