Which of the Following Factors Is NOT Necessary to Form

question 24

Multiple Choice

Which of the following factors is NOT necessary to form a successful cartel?

• A)Members must be responsible for most of the industry's output
• B)Member firms should produce homogeneous output
• C)Members must be located in close proximity to each other
• D)The cartel must be able to divide the marketplace between member firms
• E)There must be a mechanism to prevent cheating by member firms

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Definitions:

Unequally

In a manner that is not equal or identical in status, amount, or value.

Respondents

Individuals who provide data or responses to a survey or questionnaire.

Occurrences

Instances or events that happen, often counted in statistical analyses to measure frequency; not specifically a key term without context, thus NO.

Observations

The recorded data or measurements obtained during an experiment or study.