Which One of the Following Factors Reduces the Likelihood That

question 1

Multiple Choice

Which one of the following factors reduces the likelihood that a cartel agreement will lead to higher producer profit?

• A) significant barriers to entry into the cartelized market
• B) the development of substitutes for the good produced by the cartel
• C) government restrictions that limit competition from new rivals
• D) a small number of sellers involved in the cartel agreement

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Definitions:

Allergist

A specialist who diagnoses and treats physical reactions to substances including mold, dust, fur, pollen, foods, drugs, and chemicals.

Cholecystitis

Inflammation of the gallbladder, often caused by gallstones, leading to acute pain and other digestive symptoms.

Gallbladder

A small, pear-shaped organ located beneath the liver that stores bile secreted by the liver and releases it into the small intestine to aid in digestion.

Fatty Foods

Foods high in fat content, often associated with negative health impacts such as increased risk of obesity and heart disease.