Multiple CHOICE!!?

Question

1 - Cartels are difficult to operate because:
a - they work only if members keep to their agreed uotput.
b - they are illegal worldwide.
c - firms in a cartel are likely to lose money.
d - the products are perfectly competitive.

2 - A law that is designed to prevent one company from controlling a market is:
a - anti-cometitive.
b - what every business wishes to get away with.
c - an antitrust law.
d - not enforced by the US Government because it is almost impossible to prove in court.

3 - When the goverment deregulates a product or service:
a - the product or service becomes available to more people.
b - the product or service becomes cheaper.
c - some government regulations over the industry are eliminated.
d - government control over the industry is stopped.

Thank you!

Answer 1

1 a - they work only if members keep to their agreed output.
A few companies reduce supply and the price goes up. But any individual natural response would be to increase supply with a higher price. They have to trust each other to keep the agreed lower than usual supply.

2 c - an antitrust law.

3c - some government regulations over the industry are eliminated.
This one is odd, none really seem to fit well. Sometime b is hoped for but not guaranteed. C is the one that is true always for a minimum.