Which of the Following Statements Is TRUE

question 94

Multiple Choice

Which of the following statements is TRUE?

• A) Cartels generally persist and are quite common.
• B) Few cartels move an industry from competition to pure monopoly.
• C) Cartels work better when there are more firms involved.
• D) Cartels persist because the cartel members enforce their agreements.

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Definitions:

Measures

Quantitative or qualitative criteria used for assessing, comparing, or tracking performance or progress.

Moral Absolutism

The ethical belief that there are absolute, universal moral principles that apply to everyone, regardless of context or situation.

Ticking Bomb Scenario

A hypothetical situation used in ethical discussions about the use of torture or extreme measures to prevent an imminent catastrophe.

Counterargument

An argument or set of reasons put forward to oppose an idea or theory developed in another argument.