Which of the following quotes shows cheating on a cartel in the widget industry?
A)"I am producing extra widgets, even though it costs me short-run profit, to stop Wally's Widgets from expanding into my market."
B)"I am producing more widgets than Wally and I agreed to in our talk last week."
C)"If only Wally and I could agree on a higher price, we could make more profit."
D)"I have been spending extra on research and development of my new two-way widget."
E)none of the above

Question

Quizplus · Accepted Answer

The quote "I am producing more widgets than Wally and I agreed to in our talk last week." shows cheating on a cartel agreement as the speaker is producing more than what was agreed upon with another member of the industry in order to gain an advantage.

Which of the Following Quotes Shows Cheating on a Cartel