Cartels Would Be More Stable If

question 49

Multiple Choice

Cartels would be more stable if

• A) firms that cheat on the agreement could be legally punished.
• B) firms that cheat on the agreement were better informed about the value of the agreement.
• C) many firms of different sizes were involved.
• D) demand for the output was more variable.
• E) the member firms were located in different countries.

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Definitions:

Cadaver

A dead body. Human cadavers are used in medical schools for the purpose of dissection to learn the parts of the body.

Disengagement

The process of withdrawing from social relationships or roles, often seen in the elderly or those nearing end of life.

Master Status

The status (position) most important in establishing an individual’s social identity.

Awareness Contexts

The varying degrees of understanding or perception a person has about their environment or situation, especially in cognitive and social domains.