Cartels Are Difficult to Maintain in the Long Run Because

question 163

Multiple Choice

Cartels are difficult to maintain in the long run because

• A) they are illegal in all industrialized countries.
• B) individual members may find it profitable to cheat on agreements.
• C) it is more profitable for the industry to charge a lower price and produce more output.
• D) entry barriers are insignificant in oligopolistic industries.

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Definitions:

Marital Happiness

A measure of the joy, satisfaction, and fulfillment experienced within a marriage or long-term partnership.

Dependent Variable

The variable in an experiment that is measured or tested by the researcher to observe the outcome of changes in the independent variable.

Random Assignment

A method used in experiments to evenly distribute individuals across treatment groups, minimizing biases and ensuring that differences observed are due to the experimental treatment.

Operational Definitions

Operational definitions specify the measurable conditions or specific procedures used to determine the presence, quantity, or quality of a variable, facilitating clear communication and replication in research.