If an Oligopolist Is Part of a Cartel That Is

question 11

Multiple Choice

If an oligopolist is part of a cartel that is collectively producing the monopoly level of output, then that oligopolist has the incentive to increase production with the aim of

• A)increasing prices.
• B)increasing profits for the group of firms as a whole.
• C)increasing profits for itself, regardless of the impact on profits for the group of firms as a whole.
• D)decreasing costs of production.

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Definitions:

Territoriality

Behavior in animals that involves the establishment and defense of a territory to claim exclusive use and resources.

Dominance

An attribute of an allele that masks the effect of a recessive allele paired with it in the phenotype of the organism.

Sexual Behavior

Actions related to how organisms reproduce, often influenced by biological, psychological, and social factors.

Inclusive Fitness

The total of an individual’s direct and indirect fitness; includes the genes contributed directly to offspring and those contributed indirectly by kin selection. Compare with direct fitness. See kin selection.