A successful and stable cartel can be established if there are ...

[soccerdreamer_17]

A successful and stable cartel can be established if there are
 
  A) many firms producing a storable product.
  B) many firms producing a perishable product.
  C) a few firms producing a storable product.
  D) a few firms producing a perishable product.

Question 2

Under perfect competition
 
  A) information about prices is hard to obtain.
  B) there is a maximum number of firms that can enter the market.
  C) if a firm exits the market, price will rise.
  D) transaction costs are low.

[patma1981]

Answer to Question 1

C

Answer to Question 2

D