Which of the Following Became a "Narco-State

question 34

Multiple Choice

Which of the following became a "narco-state"?

• A) Venezuela.
• B) Panama.
• C) Colombia.
• D) The Dominican Republic.

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Definitions:

Parallel Pricing

A situation where competitors in the market set their prices at a similar level without explicit agreement, often as an anti-competitive practice.

Minimum Price

A stipulated or regulated lowest price that can be charged for goods or services.

Sherman Act

An essential United States antitrust regulation that forbids monopolistic actions and fosters a competitive environment.

Price-fixing

Price-fixing is an illegal agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.