To Maintain a Capacity for Innovation, an Organization Should

question 71

Multiple Choice

To maintain a capacity for innovation, an organization should:

• A) decrease property rights.
• B) recruit like-minded scientists.
• C) maintain diversity in scientists.
• D) centralize authority.

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Definitions:

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their profits illegally or unethically.

Collusive Agreements

Arrangements or agreements, often illegal, between competing firms to limit competition, control prices, or divide markets among themselves.

Cartel

A formal agreement among competing firms to control the market for a certain product by setting prices, limiting supply, or other restrictive practices.

Cartel

An association of manufacturers or suppliers agreed upon restricting competition and controlling prices within a particular industry, often to maximize collective profits.