Which of the following is NOT conducive to the successful operation of
Which of the following is NOT conducive to the successful operation of a cartel?
A) Market demand for the good is relatively inelastic.
B) The cartel supplies all of the world’s output of the good.
C) Cartel members have substantial cost advantages over non-member producers.
D) The supply of non-cartel members is very price elastic.
ANSWER
D
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