The Key Behavioral Assumption of the Cartel Theory Is That

question 140

Multiple Choice

The key behavioral assumption of the cartel theory is that oligopolists in an industry

• A)try to maximize sales instead of profits.
• B)act as if they are perfect competitors.
• C)act in a manner consistent with there being only one firm in the industry.
• D)try to create a demand for their products by way of advertising.
• E)none of the above

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Definitions:

Verbal Behavior

The aspect of human communication that involves speaking and the use of words to exchange information or express ideas.

Individualistic Cultures

Societies that emphasize personal achievements and rights over group goals and cohesion.

Collectivistic Cultures

Societies that prioritize the needs and goals of the group over the desires and ambitions of the individual.

Pronouns

Words used to substitute for nouns, often to avoid repetition and denote possession, gender, or openness.