A cartel might fail because
A) it does not control enough of the output in a market to raise prices enough.
B) there is an incentive for members to cheat.
C) too many firms leave the cartel, causing the cartel price to fall.
D) All of the above.
D
Economics
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In the United States, the Federal Deposit Insurance Corporation (FDIC) usually insures the value of deposits up to
A) $50,000. B) $100,000. C) $500,000. D) $1,000,000.
Economics
Which of the following had the highest rate of growth during the period 1948-72?
A) West Germany B) Vietnam C) Japan D) The United States of America
Economics