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Cartel success depends on the structure of competing firms which operate outside of the cartel and on the cartel's ability to detect cheating within its
Cartel success depends on the structure of competing firms which operate outside of the cartel and on the cartel's ability to detect cheating within its membership. With the most successful cartels, outside firms have a supply schedule which is
[ Select ] ["relatively elastic", "relatively inelastic", "downward sloping"] . (Choose one)
Detecting and penalizing cheating will be easier if the product is homogeneous and the market is
[ Select ] ["rapidly growing", "regionally segmented", "global in scope"] . (Choose one)
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