Question 10 All of the following are conditions which are favorable to the formation of cartels except the existence of a small number of firms. geographic proximity of firms. homogeneity of the product. easy entry into the industry. 2 points

Question 10
All of the following are conditions which are favorable to the formation of cartels except
the existence of a small number of firms.
geographic proximity of firms.
homogeneity of the product.
easy entry into the industry.
2 points

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