The Likelihood of a Cartel Being Successful Is Greater When

question 10

Multiple Choice

The likelihood of a cartel being successful is greater when

• A) firms are producing a differentiated, rather than a homogeneous, product.
• B) cost and demand curves of various participants are very similar.
• C) the number of firms involved is relatively large.
• D) the economy is in the recession phase of the business cycle.

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Definitions:

Prejudice

Preconceived opinion that is not based on reason or actual experience, often directed towards a person or group.

Discrimination

The unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.

Past 50 Years

Referring to events, developments, or changes that have occurred during the last half-century.

Prejudice And Discrimination

Negative attitudes and behaviors towards individuals or groups based on preconceived judgments or characteristics.