Which One of the Following Factors Reduces the Likelihood That

question 1

Multiple Choice

Which one of the following factors reduces the likelihood that a cartel agreement will lead to higher producer profit?

• A) significant barriers to entry into the cartelized market
• B) the development of substitutes for the good produced by the cartel
• C) government restrictions that limit competition from new rivals
• D) a small number of sellers involved in the cartel agreement

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