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An Advocate of a Minimal Government Role in the Economy

question 44

Multiple Choice

An advocate of a minimal government role in the economy could be described as a(n) __________.


Definitions:

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.

Video Game Players

Individuals who engage in playing video games as a hobby or professionally.

Geographical Area

Refers to a specific physical region or location on Earth, identified by its natural or human-made characteristics.

Effective Cartel

A group of independent market participants who collude to increase their profits by attempting to manipulate market prices or limit market supply.

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