Tunetoy Industries,a U.S.MNC,has been invited to join a cartel.What advice would you give the firm?
A)Do.It will decrease your costs.
B)Do.It will increase your market coverage.
C)Don't.It will cause your prices to decrease.
D)Don't.It's illegal.

Question

Quizplus · Accepted Answer

The best advice for Tunetoy Industries is to not join the cartel as it is illegal and can result in severe legal consequences. Cartel agreements are considered anti-competitive behaviors and can lead to hefty fines as well as damage the company's reputation. It is always better to compete fairly within the market and gain market share based on the company's strengths and competitive advantages rather than engaging in illegal activities.