Which of the following is the most significant reason that domestic governments and international organizations seek to eliminate cartels?
A. The increased sales price reduces the amount of corporate tax revenues payable to the government.
B. True competition keeps prices as low as possible, thus increasing efficiency in the marketplace.
C. Small businesses cannot survive or grow without government protection.
D. The economic stability of developing countries depends on a global free market.
Answer:B
Which of the following is the most significant reason that domestic governments and international organizations seek to eliminate cartels?
A. The increased sales price reduces the amount of corporate tax revenues payable to the government. B. True competition keeps prices as low as possible, thus increasing efficiency in the marketplace. C. Small businesses cannot survive or grow without government protection. D. The economic stability of developing countries depends on a global free market.