Cartels Are Not Always Successful Because

question 176

Multiple Choice

Cartels are not always successful because:

• A) their members have profit incentives to cheat on the agreement.
• B) nowhere in the world are cartel agreements considered legal.
• C) cartels face a lot of competition from monopolies.
• D) All of the answers are correct.

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Definitions:

Decide

To make a choice or conclusion from among several options or pieces of information.

Memo

A written message, typically in a business context, used for internal communication among employees or departments.

Bad News

Bad news refers to information that is undesirable or disappointing to the recipient, similar to a negative message, but often related to personal, professional, or societal contexts.

Superior

Superior is a term denoting higher quality, status, or authority compared to others.