Cartels Made Up of a Large Number of Firms Are

question 187

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 low.
• C)does not have to worry about losses.
• D)recognizes that the market size is relatively stable.

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Definitions:

Inimitable Corporate Culture

A unique set of behaviors, values, and practices within a company that cannot be easily replicated by competitors.

Integrated System

A cohesive system that combines various processes, functions, or software to work as a single unit.

HR Practices

Human Resource practices refer to the strategies, policies, and procedures implemented by an organization to manage its employees.

Corporate Social Responsibility (CSR)

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.