The Incentive for a Firm to Join a Cartel Is

question 12

Multiple Choice

The incentive for a firm to join a cartel is

• A)to be able to earn profits in the long run but not in the short run
• B)to be able to earn larger profits than if it was not part of the cartel
• C)to completely insulate itself from competition
• D)to produce a larger amount of output than if it was not part of the cartel

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Definitions:

E-Commerce Platform

A software solution that enables online businesses to manage their website, marketing, sales, and operations.

Online Marketplace

A platform available on the internet where buyers and sellers can transact for goods or services; it can be operated by a third party or directly by the seller of the product or service.

Personal Assistant App

A software application designed to help users with tasks such as scheduling appointments, sending reminders, making phone calls, and answering questions using natural language processing.

Wake Word

A specific word or phrase programmed into a voice-activated device to initiate listening or processing of subsequent commands.