​Cartels Are Difficult to Maintain Because

question 120

Multiple Choice

​Cartels are difficult to maintain because

• A)​the monopoly output is very difficult to determine.
• B)​the number of firms is always large.
• C)​costs to the firms in a cartel are continually rising.
• D)​each firm has an incentive to deviate from its agreed output level.

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Definitions:

Stimulus Presentation

The method or manner in which a stimulus is shown to a participant in a study, affecting their reactions or responses.

Milliseconds

A unit of time equal to one thousandth of a second, often used to measure the time of quick processes or reactions.

Attention Hypothesis

A theory suggesting that the ability to pay attention to specific stimuli or tasks is a critical factor in cognitive performance and learning.

Automatization

The process by which a task becomes automatic after extensive practice, requiring less cognitive effort to perform.