Which of the Following Statements Is TRUE

question 68

Multiple Choice

Which of the following statements is TRUE?

• A) Cartels are an important source of economic growth in developing countries.
• B) Economists are not opposed to government-created cartels since they usually provide high-quality products and service.
• C) One cost of government-sponsored cartels is that people spend resources trying to obtain or maintain a cartel rather than produce better products.
• D) All of the answers are correct.