Cartels in manufactured goods are difficult to maintain because other firms can enter the market and easily produce substitute products.

Question

Quizplus · Accepted Answer

Cartels in manufactured goods are difficult to maintain because there is a low barrier to entry, meaning other firms can easily enter the market and produce substitute products, undercutting the cartel's pricing and reducing its market share.

Cartels in Manufactured Goods Are Difficult to Maintain Because Other