Successful cartels raise the? participants' profit.? Why, then, do nations have laws making cartels? illegal? A. Higher
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Question:
Successful cartels raise the? participants' profit.? Why, then, do nations have laws making cartels? illegal?
A.
Higher prices transfer surplus from consumers to cartel members and create a competitive return for the cartel.
B.
Higher prices transfer surplus from consumers to cartel members and create a deadweight loss for the society.
C.
Consumers and society are both worse off from the presence of cartels.
D.
Consumers are better off but the society is worse off from the presence of cartels.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: