Cartels Do Not Last Because Their Members Find Them Difficult

question 133

Multiple Choice

Cartels do not last because their members find them difficult to maintain since:

• A) each of the member firms can attain lower costs outside the cartel.
• B) each firm in the cartel can gain from secret price cuts.
• C) all the firms prefer an expansion in industry supply.
• D) all the firms face less elastic demand curves when outside the cartel.

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Definitions:

Vocational Behavior

Actions and attitudes related to work and occupational choices.

Full-Time Employees

Individuals who are contracted to work the standard hours set by their employer, typically 35-40 hours per week.

Female Workers

This term describes women who are engaged in any form of employment or labor.

Scientific Approach

A methodology based on empirical evidence and systematic observation for investigating phenomena, including in career counseling and development theories.