Consensus becomes easier to achieve as the number of firms in a cartel grows

Name: Consensus becomes easier to achieve as the number of firms in a cartel grows
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is actually incorrect. As the number of firms in a cartel increases, it becomes harder to maintain consensus and reach agreements due to differing priorities and opinions among a larger group. It may also increase the likelihood of defection and cheating within the cartel.

Consensus Becomes Easier to Achieve as the Number of Firms