Cartels Are Difficult to Maintain Because

question 20

Multiple Choice

Cartels are difficult to maintain because

• A)antitrust laws are difficult to enforce.
• B)cartel agreements are conducive to monopoly outcomes.
• C)there is always tension between cooperation and self-interest in a cartel.
• D)firms pay little attention to the decisions made by other firms.

---

Definitions:

Contract Negotiations

The process of discussing and reaching an agreement on the terms of a contract between parties.

Naturalized Resident

A person who has been granted citizenship in a country where they were not born after fulfilling certain legal requirements.

15th Amendment

An amendment to the United States Constitution, ratified in 1870, that granted African American men the right to vote by stating that the right to vote could not be denied based on race, color, or previous condition of servitude.

Irish

Pertaining to Ireland or its people, culture, and language; also relating to the descendants of Irish immigrants in other countries.