Examlex
It is difficult to maintain a cartel for a long period of time.Which one of the following is the most important reason?
Shut Down
The process of ceasing operations or activity, either temporarily or permanently.
Average Variable Costs
The per unit cost of production that varies with the level of output, including elements like labor and raw materials.
Average Costs
Average costs represent the total costs of production divided by the total output or the cost per unit of output, often used to assess the efficiency of production processes.
Shutting-Down
The process of ceasing operations or activities, often temporarily or permanently, for businesses or projects.
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