Interest is the payment for the use of:
a. borrowed funds

Cartels display a pronounced tendency to disintegrate over time because

A) increased profits induce laziness and carelessness among cartel members. B) nobody benefits in the long run from their operation since they merely redistribute wealth. C) their operation is so blatantly contrary to the public interest. D) there are so many margins on which competition can occur.

Why does a perfectly competitive market require many participants as both buyers and sellers?

(A) So that both buyer and seller have the same information. (B) In order to maintain quality over the goods. (C) So that no individual can control the price. (D) Because the merchandise must be uniform.