A Cartel Is a Group of Firms That Attempts to

question 41

Multiple Choice

A cartel is a group of firms that attempts to

• A) maximize joint revenue.
• B) maximize joint profit.
• C) behave independently.
• D) increase consumer surplus.

---

Definitions:

Continuous-Process Production

A production process where raw materials are continuously transformed by an automated system.

Highly-Automated

Describing a system or process that extensively uses automation technology to reduce or eliminate human intervention.

Computerized Controls

Systems or processes that use computer technology to manage, regulate, or monitor operations in various applications.

Self-Management

The ability to regulate one's own emotions, thoughts, and behaviors in different situations, often to achieve personal or professional goals.