Which of the following statements about cartels is false?
A. Cartels are illegal in the United States.
B. If a cartel is to be successful, it must secure the full support of all its members.
C. Cartels are reluctant to raise or lower their prices.
D. A cartel is a group of firms colluding to control output and maximize group profits.
C. Cartels are reluctant to raise or lower their prices.
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Projects with a positive NPV create
a. economic profits since they earn a return higher than the company's cost of capital b. economic profits since they earn a return lower than the company's cost of capital c. accounting profits only since they earn a return higher than the company's cost of capital d. accounting profits only since they earn a return lower than the company's cost of capital
If a good sells for $10 domestically and the same good sells for $7 abroad, then this firm is engaging in
A) marginal cost selling. B) price discrimination. C) price differentiation. D) dumping.