In order to be successful,what must a cartel do

Question

Quizplus · Accepted Answer

For a cartel to be successful, its members must agree on the total level of production and on the amount produced by each member. This is necessary to control the supply of the product in the market and maintain high prices. Simply encouraging members to produce more would likely lead to a price collapse due to oversupply. Agreeing on prices charged by each member but not on amounts produced would not be effective in controlling the market.

In Order to Be Successful,what Must a Cartel Do