All cartels are inherently reliant on
A)a horizontal demand curve.
B)an inelastic demand for their product.
C)the cooperation of their members.
D)enforcement of antitrust laws.

Question

Quizplus · Accepted Answer

Cartels are groups of businesses that agree to work together to control the supply and pricing of a particular product or service. They are reliant on the cooperation of their members in order to maintain their power and influence in the industry. If any member were to break away and try to compete independently, it would undermine the whole cartel's ability to control prices and supply. Therefore, the success of a cartel relies on the mutual trust and cooperation of its members.

All Cartels Are Inherently Reliant on