Which of the following is evidence of an ineffective cartel?

Question

Quizplus · Accepted Answer

All of the listed options indicate an ineffective cartel. A successful cartel should be able to coordinate output changes and maintain stable prices, regardless of changes in demand. If members do not agree on output quotas, the cartel cannot effectively control supply and maintain higher prices. If price changes are dictated by changes in demand, it suggests that the cartel is unable to maintain its agreed-upon price floor or ceiling.

Which of the Following Is Evidence of an Ineffective Cartel