Which of the Following Is Correct? When Oligopolies Collude

question 288

Multiple Choice

Which of the following is correct? When oligopolies collude

• A)they make higher profits and consumers of the product are better off.
• B)they make higher profits but consumers of the product are worse off.
• C)they make lower profits and consumers of the product are better off.
• D)they make lower profits and consumers of the product are worse off.

---

Definitions:

Midlife Crisis

A time of dramatic self-doubt and anxiety during which people sense the passing of their youth and become concerned with their own aging and mortality.

Levinson

A reference to Daniel Levinson, a psychologist known for his theory on adult development that emphasizes life transitions and "seasons" of adulthood.

Middle Adulthood

A stage of life typically covering the age range from 40 to 65, often marked by stability in relationships, careers, and personal identity.

Midlife Crisis

A psychological crisis over identity and self-confidence that can occur in middle-aged individuals, typically between the ages of 40 and 60.