Which of the Following Statements Is TRUE

question 212

Multiple Choice

Which of the following statements is TRUE?
I. It is easier to form a cartel for a product with few substitutes.
II. Cartels that are backed and supported by the government tend to have less power.
III. Cartels are more likely to collapse the more firms there are in an industry.

• A) I only
• B) II only
• C) I and III only
• D) II and III only

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Definitions:

Compliance Promotion

Strategies and actions undertaken by regulatory agencies to encourage adherence to laws, regulations, and standards.

Fundamental Principles

Basic concepts or essential beliefs that serve as the foundation for a system, theory, or organization.

Forced Labor

Work that individuals are compelled to do against their will under threat of punishment or some form of penalty.

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, age, or religion, which can manifest in hiring, promotion, job assignment, and termination practices.