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Once a Cartel Is Formed, the Market Is in Effect

question 154

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Once a cartel is formed, the market is in effect served by:


Definitions:

Weaknesses

Flaws or shortcomings within a business that may hinder its performance or ability to compete effectively.

SWOT Analysis Matrix

A strategic planning tool that helps identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Strengths-Opportunities

Identifies areas where an organization has advantages and favorable conditions in its environment to leverage for success.

Consumer Needs

The requirements or desires of potential customers that drive their purchasing decisions.

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