It Can Be Difficult for an Oligopoly to Maintain a Cartel

question 148

Multiple Choice

It can be difficult for an oligopoly to maintain a cartel because:

• A) there are laws that prohibit competing firms from making collusive agreements
• B) it is difficult to enforce many cartel agreements
• C) many cartel members can improve their profit by individually cheating on the agreement
• D) all of the above are true

---

Definitions:

High Self-Monitors

Individuals who are highly sensitive to social cues and adjust their behavior accordingly in different social settings.

True Feelings

Genuine emotions or sentiments that a person experiences and may or may not express openly.

External Situations

Circumstances or events that occur outside of an individual's control, which can impact their behavior and emotions.

Self-Schema

Cognitive representations of oneself that organize and guide the processing of self-relevant information.