Most cartels cease to be effective because:
A. consumers discover the cartel and buy from other firms instead.
B. the dominant firm buys out the other firms.
C. of the incentive to cheat on the cartel agreement.
D. of strict enforcement of antitrust legislation.
Answer: C
Economics
You might also like to view...
Which of the following statements pertains to the four-firm concentration ratio? I. It is the percentage of the value of sales accounted for by the four largest firms in an industry. II
A high concentration ratio is indicative of a high degree of competition. III. The ratio is used to measure product differentiation. A) I only B) I, II only C) I, III only D) I, II, and III
Economics
What two trends was Canada trying to address in negotiating CUSTA?
What will be an ideal response?
Economics