Under What Conditions Would It Be Legal for Two Bakeries

question 194

Multiple Choice

Under what conditions would it be legal for two bakeries in Minneapolis to explicitly agree to raise their prices by 5 percent?

• A) if the price rise was not predatory
• B) if the price rise did not measurably increase producer surplus
• C) never
• D) if the price rise did not harm consumers in the long run by reducing competition
• E) if the price rise was necessary to keep one or both bakeries from closing.

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Definitions:

Inappropriate Behaviour

Actions or behaviors that are deemed unacceptable or not suitable in a given context or society.

Mental Illnesses

A wide range of mental health conditions that affect mood, thinking, and behavior.

Social Norms

Unwritten rules or standards of behavior that are considered acceptable within a group or society, guiding the behavior of its members.

Trephination

A prehistoric form of surgery possibly intended to let out evil