Cartels are difficult to maintain because
a. antitrust laws are difficult to enforce.
b. cartel agreements are conducive to monopoly outcomes.
c. there is always tension between cooperation and self-interest in a cartel.
d. firms pay little attention to the decision made by other firms.
C
Economics
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A) five forces model B) resource-base model C) supply and demand model D) dark-side model
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Which of the following is an example of a less-than-highly-organized market?
a. the market for U.S. Treasury bonds b. the market for corn c. the market for soybeans d. the market for ice cream
Economics