It Would Be Impossible for Members of the Fast-Food Industry

question 63

Multiple Choice

It would be impossible for members of the fast-food industry to collude to fix prices because

• A) there are too many fast-food firms in the market.
• B) fast food is not durable.
• C) there are not enough fast-food firms in the market.
• D) the price of fast-food is too low.
• E) demanders would not buy from firms that collude.

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Definitions:

Fourteen Points

The Fourteen Points were a set of diplomatic principles proposed by President Woodrow Wilson in 1918 as a basis for peace negotiations to end World War I.

Woodrow Wilson

The 28th President of the United States, serving from 1913 to 1921, known for his leadership during World War I and for advocating the League of Nations.

Peace Conference

A meeting aimed at resolving conflicts and establishing peace between nations or groups.