When a Cartel Operates Effectively, Industry Output Is Similar to a _____;

question 190

Multiple Choice

When a cartel operates effectively, industry output is similar to a _____; when a cartel breaks down, industry output is similar to a _____.

• A) monopoly; perfectly competitive industry
• B) monopolistically competitive industry; monopoly
• C) monopolistically competitive industry; perfectly competitive industry
• D) perfectly competitive industry; monopoly

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Definitions:

USA Patriot Act

A 2001 mammoth bill that conferred unprecedented powers on law-enforcement agencies charged with preventing domestic terrorism, including the power to wiretap, read private messages, and spy on citizens.

Republican Presidential Candidate

A person running for President of the United States nominated by the Republican Party, one of the two major political parties in the country.

Liberals

Individuals or groups advocating for freedom in political and social spheres, emphasizing individual rights, democracy, and equality.

Espionage Act

1917 law that prohibited spying and interfering with the draft as well as making “false statements” that hurt the war effort.