Cartels Made Up of a Large Number of Firms Are

question 141

Multiple Choice

Cartels made up of a large number of firms are unstable because each firm in the cartel:

• A)has an incentive to cheat.
• B)is producing a relatively homogeneous product in which entry barriers are also low.
• C)does not have to worry about losses.
• D)recognizes that the market is relatively stable in size.

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Definitions:

Polluter

An entity (individual, company, or other organization) that releases pollutants into the environment, causing pollution.

Pollution

The introduction of contaminants into the natural environment that cause adverse change, affecting air, water, and soil quality.

Life Cycle Assessment (LCA)

A technique used to assess the environmental impacts associated with all the stages of a product's life from raw material extraction through materials processing, manufacture, distribution, use, repair and maintenance, and disposal or recycling.

Cradle to Grave

Considering all stages of a product's life cycle, from raw material extraction (cradle) to disposal or recycling (grave).