Most Cartels End or Cease to Be Effective Because

question 35

Multiple Choice

Most cartels end or cease to be effective because:

• A)of enforcement of antitrust legislation.
• B)of the incentive to cheat on the cartel agreement.
• C)the dominant member firm buys out the other firms.
• D)consumers discover the cartel agreement and buy instead from other firms.

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Definitions:

External

Pertaining to or situated on the outside of something; relating to the outer environment or surroundings.

Unstable

Lacking in stability, predictability, or consistency, often leading to unpredicted changes or outcomes.

Specific Factors

Elements or conditions that are distinct and contribute to a particular outcome or situation.

Prototype

The object that has the greatest number of attributes characteristic of the concept and that is therefore the most typical member of that concept.