Question

Cartels are sometimes able to continue working in the long run. This tends to occur when the firms involved consider playing the game ________, and there ________ a credible threat involved with cheating

Answer 1

repeatedly, is

Step-by-step explanation

Cartel is a group of manufacturers and business houses with a purpose of keeping high prices of products. This allows the cartels to restrict competition in the market and hold complete sway over business via cheating. Cartels can run for a long time if various firms continue to indulge in corrupt practices secretly. No doubt, cartels are against the business ethics and hence it involves credible threats due to cheating.