Which of the following conditions can help prolong the life of a cartel?
A) There are only a few firms in the market and they all belong to the cartel.
B) There are many firms in the market that are not members of the cartel.
C) It is difficult to know what price any cartel member is actually charging.
D) The cartel has no ability to punish members who cheat on the cartel.
A
Economics
You might also like to view...
If an individual borrows $100 at an annual rate of interest of 5%, how much interest will he have to pay at the end of a year?
A) $20 B) $10 C) $50 D) $5
Economics
Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Belize gain compared to the "without trade" numbers?
A) -100 B) 0 C) 150 D) 250
Economics