Which of the Following Situations Reduces the Likelihood of Successful

question 35

Multiple Choice

Which of the following situations reduces the likelihood of successful operation of a cartel?

• A) Cartel sales experience a rapid expansion.
• B) The demand for cartel output is price inelastic.
• C) The number of firms in the cartel is large.
• D) It is very difficult for new firms to enter the market.

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Definitions:

James-Lange Theory

An idea that suggests emotional experience comes after the occurrence of physiological excitement.

Cannon-Bard Theory

A theory of emotion that proposes emotions and bodily reactions occur simultaneously in response to stimuli, contrary to earlier theories that suggest a sequential process.

Two-factor Theory

A theory suggesting emotion is based on physiological arousal and cognitive labeling of that arousal.

Schachter-Singer Theory

A theory of emotion that states emotions are determined by physiological arousal and the cognitive interpretation of that arousal.