Which of the Following Is LEAST Likely to Be an Outcome

question 210

Multiple Choice

Which of the following is LEAST likely to be an outcome of a cartel as compared to the situation before the cartel was formed?

• A) Cartel members charge higher prices.
• B) Cartel members reduce production.
• C) Cartel members make fewer profits.
• D) Cartel members do not compete with each other in pricing decisions.

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Definitions:

Louisiana

A state in the southern region of the United States, known for its distinctive culture, history, and geographic significance, including the Mississippi River and bayous.

Smugglers

Individuals or groups who illegally transport goods across borders to avoid taxes or import/export restrictions.

Slave Trade

The historical trade in which human beings were bought and sold as property, primarily seen in the transatlantic trading systems between the 16th and 19th centuries.