It Is Difficult to Maintain a Cartel for a Long

question 2

Multiple Choice

It is difficult to maintain a cartel for a long period of time.Which one of the following is the most important reason?

• A)Each firm has an incentive to collude.
• B)Other firms will enter the industry.
• C)Firms in the cartel will want to raise the price.
• D)Consumers will eventually decide not to buy the cartel's output.
• E)Each firm has an incentive to cheat.

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The process of applying a background color or pattern to text, cells, or other elements in a document or spreadsheet to enhance readability or visual appeal.

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