In Japan and the EU,crisis cartels:
A) Involve firms in an industry facing a severe crisis
B) Are legally allowed
C) A and B above
D) Are cartels that are creating a crisis

Question

Quizplus · Accepted Answer

Crisis cartels are agreements between firms in an industry that is facing a severe crisis to limit competition and avoid bankruptcies or closures. In Japan and the EU, these types of cartels are explicitly allowed by law as a means to prevent the collapse of key industries and maintain employment levels.

In Japan and the EU,crisis Cartels