Cartels Are Difficult to Maintain in the Long Run Because

question 163

Multiple Choice

Cartels are difficult to maintain in the long run because

• A) they are illegal in all industrialized countries.
• B) individual members may find it profitable to cheat on agreements.
• C) it is more profitable for the industry to charge a lower price and produce more output.
• D) entry barriers are insignificant in oligopolistic industries.

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Definitions:

Culturally Responsive

An approach that recognizes and respects diverse cultural backgrounds and practices as integral to effectively teaching and engaging individuals or communities.

Time-intensive

Describing activities or tasks that require a substantial amount of time to complete, often implying significant commitment and effort.

Cytosol

The aqueous component of the cytoplasm of a cell, within which various organelles and particles are suspended.

Organelles

Specialized structures within a cell that perform specific functions, like mitochondria, ribosomes, and the endoplasmic reticulum.