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Explain What a Cartel Is and the Difficulties Faced in Maintaining

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Explain what a cartel is and the difficulties faced in maintaining a cartel.


Definitions:

Own-Age Bias

The tendency to better recognize and remember faces of people who are around the same age as oneself.

Other-Race Effect

The inclination to identify faces belonging to the race one is most acquainted with more effortlessly, believed to form during early childhood.

Own-Race Bias

The tendency to more easily recognize faces of the race that one is most familiar with, compared to faces from other races.

Just-World Phenomenon

The cognitive bias to believe that the world is just and people get what they deserve, which helps explain the tendency to blame victims.

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