1. Globalization is a term used to describe
the process of integration on a worldwide scale of markets and production.
the increased links between nation states with respect to trade and the movement of resources.
the act of conducting any business functions beyond one’s domestic borders.
the process of businesses expanding from developed to developing economies.
2. A cartel is:
a firm that always has a dominant strategy.
the "leader" of an industry, typically the firm with the largest market share.
a number of firms who collude to make collective production decisions about quantities or prices.
a duopoly with more than two firms.