Which of the Following Conditions Can Help Prolong the Life

question 127

Multiple Choice

Which of the following conditions can help prolong the life of a cartel?

• A) There are only a few firms in the market and they all belong to the cartel.
• B) There are many firms in the market that are not members of the cartel.
• C) It is difficult to know what price any cartel member is actually charging.
• D) The cartel has no ability to punish members who cheat on the cartel.

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Definitions:

Maslow's Need Hierarchy

Maslow's Need Hierarchy is a theory in psychology that categorizes human needs into a five-level pyramid, from basic physiological needs to self-actualization.

Successively Gratify

To provide satisfaction or rewards in a sequential manner, often used as a strategy to maintain motivation and engagement.

Highest Level

The utmost degree or the peak of achievement, performance, or quality in a given context.

McClelland's Need Theory

A motivational theory that identifies three primary needs driving human behavior: Need for Achievement, Need for Power, and Need for Affiliation.