Cheating by a Member of a Cartel ________ Consumer Surplus

question 27

Multiple Choice

Cheating by a member of a cartel ________ consumer surplus and ________ the total economic profit earned by all the firms in the cartel.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

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Definitions:

Social Peacekeeper

An individual or entity engaged in maintaining or restoring peace and harmony within a community or society.

Cultural Themes

Predominant ideas, values, and beliefs that characterize and influence the behaviors of a particular culture or society.

Turbulence

A state of fluid motion characterized by chaotic changes in pressure and flow velocity, often experienced in atmospheric or aquatic environments.

Crank

A slang term for a type of stimulant drug, typically methamphetamine.