Assume That the Ruby Market Shares of Six Different Countries

question 65

Multiple Choice

Assume that the ruby market shares of six different countries are 30%, 25%, 20%, 15%, 6%, and 4%. However, the quality of the rubies and the mining costs vary across the six countries. Which statement accurately describes the likelihood of success for a cartel among the ruby-mining companies in the six countries?

• A) There is a high likelihood of success since members have similar market shares.
• B) The likelihood of success is low because of uneven market shares, product quality, and costs of production.
• C) The likelihood is uncertain because uneven market shares and costs reduce chance of success, while uneven product quality increases the chance of success.
• D) The likelihood of success is high because having a small number of firms in the cartel is the most important factor influencing the success of the cartel.

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