Economics 9708 · AS & A Level · 7.6

7.6 — practice question

At what point will a cartel find it hardest to set the market price of its product?

  • Aproportion of firms in the industry that are members of the cartel high; barriers of entry into the industry high
  • Bproportion of firms in the industry that are members of the cartel high; barriers of entry into the industry low
  • Cproportion of firms in the industry that are members of the cartel low; barriers of entry into the industry high
  • Dproportion of firms in the industry that are members of the cartel low; barriers of entry into the industry low

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