Which of the Following Statements Is FALSE

question 25

Multiple Choice

Which of the following statements is FALSE?

• A)Cartels only form among members of an oligopoly.
• B)A cartel might form if members believe they can increase profits by coordinating activity.
• C)Members of a cartel produce less output than that produced in a competitive market.
• D)Cartel members often have an incentive to cheat.

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Definitions:

Role

The expected behavior and responsibilities associated with a specific position or status within a group or organization.

Physical Environment

The surroundings or conditions in which a person, plant, or animal lives or operates.

Employee Attitudes

Employee attitudes encompass the evaluations, feelings, and tendencies of behavior that employees have towards their jobs and workplace.

Work Stress

The adverse reaction people have to excessive pressures or other types of demand placed on them at their jobs, which can lead to both physical and psychological health issues.