What is a key weakness of oil cartels?
a. When there is an oil surplus, and prices are soft, producers tend to increase production above cartel quotas in order to gain market share.
b. Cartels are often deeply restricted by both international and domestic law.
c. Cartels are often broken up externally by more powerful actors, usually consumers.
d. Cartels make themselves more vulnerable than their consumers to price shocks caused by their own actions.
Answer: A
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