Recall the Application About the Failure of the Salt Cartel,why

question 24

Multiple Choice

Recall the application about the failure of the salt cartel,why did the salt cartels around the 19th century fail to get established,even though they paid new firms not to produce salt for a year?

• A)Individual firms cheated on the cartel by selling outside the cartel.
• B)Artificially high price also caused new firms to enter the market.
• C)Salt consumers found substitutes and brought the price of salt down.
• D)A and B are correct.

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Definitions:

Equal Treatment

Equal treatment involves ensuring fairness and impartiality in the way individuals or groups are dealt with, without discrimination.

Self-oriented Role

A personal behavior pattern focused on pursuing one's own interests and needs, often in a work or social context.

Blocking Progress

An action or behavior that impedes the advancement or development of a project, process, or person.

Seeking Recognition

The act of pursuing acknowledgment or validation from others for one's achievements or qualities.