Which of the Following Is LEAST Likely to Be a Reason

question 218

Multiple Choice

Which of the following is LEAST likely to be a reason for firms to form a cartel?

• A) to maximize profits of the cartel
• B) to raise competition among firms in the cartel
• C) to cut back output of the cartel
• D) to set common prices among firms in the cartel

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Definitions:

Constitutional Amendments

Changes or additions made to the U.S. Constitution to address evolving needs and values of the country.

Civil War

A war between citizens of the same country, often characterized by a struggle for power, territory, or ideological dominance.

Plessy v. Ferguson

A landmark United States Supreme Court decision that upheld the constitutionality of racial segregation laws for public facilities under the doctrine of "separate but equal."

Rights

Legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules permitting or obliging actions.