Overt collusion is relatively rare because:
a. they are illegal in some countries, including the United States.
b. members find it difficult to agree on key decisions.
c. members frequently have an incentive to cheat on the cartel.
d. of all the above reasons.
Question 2
Steve holds 100 shares of a company that currently trade at 10 . There is a 50 percent probability of the market price increasing to 15 within the next quarter. If Steve waits for the market price of shares to increase before selling them off, he would be considered risk averse.
Indicate whether the statement is true or false
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