One of the Reasons Why a Wheat Cartel Would Not

question 62

Multiple Choice

One of the reasons why a wheat cartel would not be as successful as OPEC is that

• A) there are many more wheat-producing countries than oil-producing countries.
• B) there are more wheat substitutes than oil substitutes.
• C) there is no competition legislation against wheat cartels.
• D) there is stronger competition legislation against wheat cartels than against OPEC.
• E) there are solid barriers against new entrants into a wheat cartel.

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Definitions:

Employment Standards Act

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