It Is Easier to Maintain a Cartel in a Market

question 34

Multiple Choice

It is easier to maintain a cartel in a market for a(n) ________than in a market for a(n) ________.

• A)intermediate good; final good
• B)final good; intermediate good
• C)natural resource; manufactured good (True Answer )Correct
• D)manufactured good; natural resource

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Definitions:

Workforce

The collective group of individuals who work in an organization, industry, or economy.

Unemployment Relief

Government programs or measures designed to provide financial aid or jobs to individuals who are unemployed.

Surplus Food

Food production that exceeds the immediate consumption needs of the population, which can be stored or distributed as needed.

Joblessness

The state of being without employment, often measured as an unemployment rate within an economy.