Choose the statement that is incorrect O A Cartels are stabl

Choose the statement that is incorrect. O A. Cartels are stable organizations that can maintain the monopoly price indefinitely OB. A cartel is a group of firms acting together to limit output,raise price, and increase economic profit O C. International cartels can operate legally O D. Cartels are illegal in the United States. Click to select your answer ? 4

Solution

Ans:

Option A

Cartels are stable organizations that can maintain the monopoly price indefinitely.

A cartel is an association of suppliers or manufacturers which are created to maintain prices and restrict competition.In United states all cartels are illegal regard less of the area of the business as per American anti trust laws.However cartels are not stable organizations and they can not maintain the monopoly price indefinitely.