Which Would Make It Easier to Maintain an Effective Collusive

question 244

Multiple Choice

Which would make it easier to maintain an effective collusive agreement in a cartel?

• A) the emergence of a number of potential entrant firms
• B) a decrease in the elasticity of demand for the cartel's product
• C) an increase in the number of substitutes for products produced by the cartel
• D) a new method of pricing that makes it more difficult for firms in the cartel to determine the prices at which other cartel members are selling their product

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Definitions:

Nuclear Families

Families consisting of parents (including single parents) and their children.

Extended Families

Families in which not only parents and their children but other kin—grandparents, cousins, nieces and nephews, or more distant family relations—share a household.

Allocaregiving

Child care and protection provided by group members other than the parents, usually other relatives.

Exosystem

Part of Bronfenbrenner's ecological systems theory, referring to the wider societal systems that do not directly involve the individual but still have an indirect impact on them.