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Cartels Can Be Upheld Because Cheating Is Not Profitable When

question 160

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Cartels can be upheld because cheating is not profitable when other countries keep their promise to abide with the agreement.


Definitions:

Mass Market

Refers to the large, general group of consumers that products are aimed at, not tailored to specific niches.

Nondiscriminating Consumers

Customers who do not show preference or bias towards products based on brand, appearance, or other superficial factors, focusing instead on functionality or value.

Similar Needs

The comparable or identical requirements or desires of different customers or client segments.

Tata Motors

An Indian multinational automotive manufacturing company, part of the Tata Group, known for producing cars, trucks, vans, coaches, buses, sports cars, and construction equipment.

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