If a Country Has a Large Number of Publishers and Globally

question 21

Multiple Choice

If a country has a large number of publishers and globally esteemed universities, you might surmise that the country is most likely

• A) neither an LDC nor an MDC.
• B) an MDC.
• C) an LDC.
• D) an LDC that has some of the world's top universities.
• E) an MDC that has some of the world's lowest literacy rates.

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Definitions:

Cartel

An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.

Marginal Cost

The increase in total cost that arises from producing an extra unit of output.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their profits illegally or unethically.