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Which of the following is true of​ cartels? a. Successful cartels usually involve a large number of firms. b. Cartels are legal in the United States. c. Cartel members have an incentive to cheat on cartel
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Which of the following is true of​ cartels?

a. Successful cartels usually involve a large number of firms.
b. Cartels are legal in the United States.
c. Cartel members have an incentive to cheat on cartel agreements.
d. Cartel members should each produce the Cournot level of output.

User Jeremy Dentel
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2 Answers

3 votes

Answer:

The correct answer is C. the leader of Bolivian insurgents in 1908

Step-by-step explanation:

User Awais Umar
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5.8k points
5 votes

Answer:

option c is correct

Step-by-step explanation:

option c is correct

cartel member are having an advantage to withraw or cheat from contract at any time.

cartel word is first used in 1930 by one drug dealer in mexico. it is collective group of two or more participant with motives to dominate in entire market and make huge profit.

User Montrealist
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5.4k points
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