The Owners of the Gas Stations in a Town Are

question 69

Multiple Choice

The owners of the gas stations in a town are trying to set up a cartel that will raise the price of gasoline.Which scenario will INCREASE the chances that the cartel will fail because of cheating by the owners?

• A)All of the gas stations face the same costs.
• B)There are only a few gas stations.
• C)The gas stations are producing as much as they can.
• D)The gas stations vary in terms of the services that they provide.

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Definitions:

Managers

Individuals responsible for directing and overseeing the work of a group of people in an organization or department.

Supervise

means to oversee and direct activities and tasks, ensuring they are carried out correctly and efficiently, often involving guidance and support to those involved.

Upward Communication

Communication that flows from subordinate to superior.

Interpersonal Communication

The exchange of information, feelings, and ideas between two or more people through verbal or non-verbal methods.