The owners of the gas stations in a town are trying to set up a cartel that will raise the price of gasoline. Which of the following will INCREASE the chances that the cartel will fail because of cheating by the owners?
A) All of the gas stations face the same costs.
B) There are only a few gas stations.
C) The gas stations are producing as much as they can.
D) The gas stations vary in terms of the services that they provide.
Correct Answer:
Verified
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A) price
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Q32: Which of the following characteristics make an
Q32: An industry that consists of two firms
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