Suppose a Cartel Is Formed by the Tomato Farmers

question 98

Multiple Choice

Suppose a cartel is formed by the tomato farmers.Which of the following would increase the ability of this cartel to set output and prices in the domestic market?

• A)Acreage restrictions by the government
• B)Highly inelastic demand for tomatoes
• C)A high supply elasticity for other tomato farmers
• D)A high import tariff on tomatoes

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Definitions:

Diastereomers

Stereoisomers that are not mirror images of each other, differing in the arrangement of atoms in space, impacting physical properties and reactivity.

Tautomers

Isomers of organic compounds that readily interconvert, typically differing by the placement of a proton and the double bond.

Enol Tautomer

A form of tautomerism where a hydrogen atom shifts position, leading to a double bond and an alcohol group.

1-phenyl-2-octanone

An organic compound featuring a phenyl group attached to the first carbon of an octanone, a molecule with eight carbon atoms and a ketone functional group at the second position.