A Cartel Is a Group of Firms Which Agree to

question 80

Multiple Choice

A cartel is a group of firms which agree to

• A)behave competitively.
• B)raise the price of their products.
• C)lower the price of their products.
• D)increase the amount they produce.
• E)cheat on each other.

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Definitions:

Terror Management Theory

A theory which says that to minimize fear of mortality, humans strive to sustain faith that they are enduringly valued contributors to a meaningful world and therefore transcend their physical death.

Social Dominance Theory

The theory that large societies create hierarchies and that people tend to endorse beliefs thatlegitimatize that hierarchy.

Mortality

The state of being subject to death; the opposite of immortality.

Higher Entitativity

A perception of a group as being a cohesive and unified entity, based on similarities among its members or the strength of their shared identity.