Which of the Following Statements Is TRUE

question 94

Multiple Choice

Which of the following statements is TRUE?

• A) Cartels generally persist and are quite common.
• B) Few cartels move an industry from competition to pure monopoly.
• C) Cartels work better when there are more firms involved.
• D) Cartels persist because the cartel members enforce their agreements.

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Definitions:

Trademark

A sign, term, or series of words officially recognized or developed through usage, that identifies a business or its goods.

Copyright Law

Legal protection granted to authors, composers, and artists for their original works, preventing unauthorized use.

Corrective Advertising

Corrective advertising involves measures taken by a company to rectify previous misleading or false claims made in advertisements, often mandated by regulatory authorities.

Federal Trade Commission

A US federal agency established to prevent fraudulent, deceptive, and unfair business practices in the marketplace.