Cartels Are Difficult to Maintain in the Long Run Because

question 125

Multiple Choice

Cartels are difficult to maintain in the long run because

• A)they are illegal in all industrialized countries.
• B)individual members may find it profitable to cheat on agreements.
• C)it is more profitable for the industry to charge a lower price and produce more output.
• D)entry barriers are insignificant in oligopolistic industries.

---

Definitions:

Lung Cancer

A type of cancer that originates in the lungs, often due to smoking or exposure to hazardous substances.

Chronic Myelomonocytic Leukemia

A type of cancer that affects the blood and bone marrow, characterized by the overproduction of monocytes, a type of white blood cell.

Remission

A decrease or disappearance of signs and symptoms of a disease, often used in the context of cancer.

Bronchial Adenoma

A rare type of tumor, often benign, that arises from the mucous glands and ducts of the airways.