If All Six Suppliers of Cement to Metropolis All Agree

question 32

Multiple Choice

If all six suppliers of cement to Metropolis all agree to establishes a price of $45 per ton, this would be

• A)a legal contract
• B)price discrimination
• C)cost-plus pricing
• D)a cartel
• E)beneficial to consumers

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Definitions:

Ostracism

The social or psychological exclusion or rejection of an individual by a group, affecting the individual's behavior and mental health.

Excluded

Being intentionally left out or omitted from a group or an activity.

Grit

A psychological trait based on an individual's passion for a particular long-term goal coupled with a powerful motivation to achieve their respective objective.

Emotional Pain

Emotional pain is a deeply unpleasant psychological response that can result from a variety of life events, including loss, rejection, or disappointment.