Overt collusion is relatively rare because:
a. they are illegal in some countries, including the United States.
b. members find it difficult to agree on key decisions
c. members frequently have an incentive to cheat on the cartel.
d. of all the above reasons.
d
You might also like to view...
"The number of species on earth is decreasing drastically and economic development is the main factor for the problem." Do you agree or disagree? Why?
What will be an ideal response?
The Consumer Price Index is based on the price level of a basket of goods and services that represents the purchases of an average consumer
a. True b. False Indicate whether the statement is true or false
Suppose that there is a balance of trade in both the United States and Canada. Then, the U.S. dollar appreciates against the Canadian dollar. What would the likely outcome be?
(A) A trade deficit in both countries. (B) A trade surplus in the United States. (C) A trade deficit in Canada. (D) A trade surplus in Canada.
An example of a positive externality is
A. Increased business profits at a hardware store that benefited from a tornado. B. Increased factory use of private sector robotics that came from government research. C. Increased health problems from air pollution. D. None of the choices are correct.