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7 June, 08:38

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.

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  1. 7 June, 08:46
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    option c is correct

    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.
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