A Cartel Is a Group of Suppliers Who Act Together

question 139

Multiple Choice

A cartel is a group of suppliers who act together in order to:

• A) increase demand, raise prices, and increase profits.
• B) increase supply, reduce prices, and increase profits.
• C) increase demand, reduce prices, and increase profits.
• D) reduce supply, increase prices, and increase profits.

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Definitions:

Instincts

Innate, fixed patterns of behavior in animals and humans in response to stimuli, which are not learned and are often survival-oriented.

Observational Learning

The process of learning behaviors by watching and imitating others, also known as social learning or modeling.

Congruence

In psychology, the alignment or agreement between an individual's self-concept and their actual experiences.

Positive Reinforcement

A behavioral strategy involving the introduction of a desirable stimulus following a behavior to increase the likelihood of its recurrence.