Solved

One Factor That Has Prevented the Formation of Cartels for Producers

Question 2

Multiple Choice
One factor that has prevented the formation of cartels for producers of commodities is that:
A) The demand for commodities tends to be price inelastic
B) Substitute products exist for many commodities
C) Commodity produces have been able to dominate world markets
D) Production of most commodities is capital intensive

One factor that has prevented the formation of cartels for producers of commodities is that:


A) The demand for commodities tends to be price inelastic
B) Substitute products exist for many commodities
C) Commodity produces have been able to dominate world markets
D) Production of most commodities is capital intensive

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents