The Likelihood of a Cartel Being Successful Is Greater When

question 10

Multiple Choice

The likelihood of a cartel being successful is greater when

• A) firms are producing a differentiated, rather than a homogeneous, product.
• B) cost and demand curves of various participants are very similar.
• C) the number of firms involved is relatively large.
• D) the economy is in the recession phase of the business cycle.

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