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.

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Definitions:

Manifest Function

A manifest function is an intended and recognized consequence of any social pattern, contributing to the adjustment or adaptation of a system.

Social Exclusion

A process in which individuals or groups are systematically blocked from rights, opportunities, and resources that are normally available to members of society and that are key to social integration.

Scholarship

Financial support awarded to a student based on academic achievement or other criteria to help fund their education.

Alumni

Former students or graduates of a particular school, college, or university, often forming an association to maintain connections with their institution.