In Which of the Following Industries Would We Expect Collusion

question 58

Multiple Choice

In which of the following industries would we expect collusion to be most effective?

• A) retail gasoline, where most gas is sold by a large number of small dealers
• B) crude oil production, where most oil is sold by a small number of large sellers
• C) housing construction, an industry dominated by local firms that produce unique products
• D) soybean production, where there are large numbers of farmers in many countries

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Definitions:

Photosynthetic

Relating to the process by which green plants, algae, and some bacteria convert light energy, usually from the sun, into chemical energy stored in glucose.

Brown Algae

Multicelled marine protists with a brown accessory pigment in their chloroplasts.

Foraminiferan

Marine protozoans with calcareous shells, found in both fresh and marine waters, which are often used as indicators in paleoclimatology studies.

Radiolarian

Microscopic, planktonic marine organisms with intricate silica skeletons, used as paleoclimatic indicators.