One Factor That Has Prevented the Formation of Cartels for Producers

question 10

Multiple Choice

One factor that has prevented the formation of cartels for producers of commodities is that

• A) the demand for commodities tends to be price inelastic.
• B) substitute products exist for many commodities.
• C) commodity produces have dominated world markets.
• D) the production of most commodities is capital intensive.

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Definitions:

Experimenter

A person who conducts experiments, typically in a scientific context, to test hypotheses and observe outcomes.

Elicit Compliance

The process of persuading or influencing someone to agree with a request or conform to a certain demand or regulation.

Automatic Responding

Actions or reactions that occur without conscious thought, often as a result of learned behaviors or reflexes.

Mindlessness

A mental state characterized by a lack of conscious awareness or critical thinking, often resulting in automatic or habitual action without reflection.