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Economics (AS & A Level) · May / June 2022 · Paper 32 · Question 10

9708Growth and survival of firms

What is a condition for operating a successful cartel?

  1. Aa large number of firms in the industry
  2. Bhaving a differentiated product
  3. Clow barriers of entry to the industry
  4. Dstrictly enforced production quotas

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Correct answer: D. strictly enforced production quotas

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