Which of the following items most likely explains why corn is not produced by a cartel?
A) barriers to market entrance
B) patent protection
C) many producers
D) income inelastic demand
E) limited raw materials

Question

Quizplus · Accepted Answer

Corn production involves a large number of producers worldwide, which makes it difficult to organize and maintain a cartel. Cartels are more feasible in industries with fewer producers who can easily coordinate their actions.

Which of the Following Items Most Likely Explains Why Corn