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Economics (AS & A Level) · Feb / March 2025 · Paper 32 · Question 3

9708Growth and survival of firms

What is likely to prevent the development of an effective cartel in an industry?

  1. Aa high concentration ratio
  2. Ba limit-pricing policy
  3. Chigh fixed costs
  4. Dlow barriers to entry

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Correct answer: D. low barriers to entry

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