Cartels Are Difficult to Maintain Because

question 20

Multiple Choice

Cartels are difficult to maintain because

• A)antitrust laws are difficult to enforce.
• B)cartel agreements are conducive to monopoly outcomes.
• C)there is always tension between cooperation and self-interest in a cartel.
• D)firms pay little attention to the decisions made by other firms.

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Definitions:

Performance Indicators

Metrics used to evaluate the effectiveness, efficiency, and success of an organization's activities.

Business Strategy

A plan of action designed to achieve specific goals and objectives in the business environment.

IT System

An integrated set of hardware, software, networks, and processes that enable the processing and management of information in an organization.

Paper-based HR

A traditional human resources management approach where processes and records are documented and stored on paper.