According to the Account of the Unnamed Slave Trader in the Text

question 2

Multiple Choice

According to the account of the unnamed slave trader in the text, all of the following were common ways for entrance into slavery EXCEPT

• A)capture in war.
• B)sale by countrymen in times of famine or want.
• C)sale of children by parents.
• D)punishment for crime.
• E)none of the above

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Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large portion of the market share.

Collude

To collude means to come to a secret understanding for a harmful purpose; collaboration typically occurs between firms to set market prices unfairly.

Tacit Collusion

An unspoken, implicit agreement among competitors to not compete aggressively, often leading to higher prices and less competition without explicit communication or agreements.

Price Leadership

A pricing strategy where one leading company sets the price of products or services, and other competitors in the market follow.