W Halo (series)- Wikipedi x Video Game Effects on X G c W Halo (senes). Wikiped

Question

W Halo (series)- Wikipedi x Video Game Effects on X G c W Halo (senes). Wikiped × ' Video Game Effects or x GMyGED®-About the clwww.macmillanhighered.com/launchpad/cowentabarrokmicro3e/6303467#/st MyGED About the X Done Module 5 Exam 1. Cartels tend to be more successful when: O there are a large number of firms in the market the cartel is producing a good for which there are few substitutes. demand for the good is more elastic. D the cartel is producing a good that can be produced anywhere in the world

Explanation / Answer

c is the correct option

Reason

If the demand for that good is very elastic, a small rise in price will decrease the output heavily, thus firms have to form cartel to make a high amount of profit.

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