Cartels frequently break down in the long run because
A) they are illegal
B) tacit collusion is illegal
C) contracts and agreements are legally binding
D) cooperative behavior usually lowers profits for the entire industry
E) members have an incentive to increase output
Correct Answer:
Verified
Q150: Q151: The influence of technological change on market Q152: U.S.antitrust enforcement policies have focused on Q153: New technologies may reduce oligopoly power by Q154: Oligopolies in the United States rarely engage Q156: Price leadership Q157: In the United States,price-fixing cartels are Q158: Antitrust policies usually focus on encouraging cost-efficient Q159: After much success during the 1970s,the OPEC Q160: U.S.antitrust enforcement policies have focused on
A)breaking up
A)increasing
A)is a form of explicit collusion
B)works
A)ubiquitous
B)nonexistent
C)generally illegal
D)discouraged
A)encouraging price-fixing
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