Natural resource cartels such as OPEC are inherently unstable because their members operate with excess capacity and have an incentive to cheat on their output quotas.
Indicate whether the statement is true or false
Question 2
Which of the following statements is consistent with the views of Joseph Schumpeter?
A) An economy benefits from firms having market power because these firms are more likely to be able to commit funds for research and development.
B) Enforcement of antitrust laws is necessary to promote competition among firms.
C) A lack of competition discourages firms from developing new technologies.
D) Research and development by competitive firms is responsible for most technological changes.
Members of the Lemba ethnic group from southern Africa.
Oil and Natural Gas Production from More Wells in Smaller Areas
When a Tornado Strikes: Social Organization Following a Natural Disaster
Natural gas is a cleaner fuel than coal
Natural Resource Prices, 1850–2010
Natural community in the antelope Valley