Recent Posts • Latest Topics • Unanswered Questions

You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. ...

Ryanteck

wrote...

Go to Answer

Posts: 559

Rep:

6 years ago

You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. ...

You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. The cartel aims to raise the price of peanuts and reduce output to increase profits for the peanut growers. You predict that this cartel will probably
A) be successful because the demand for peanuts is very elastic.
B) be successful because it will be very easy to enforce the rules among only 25 firms.
C) not be successful because there are too few firms that are trying to organize the cartel.
D) not be successful because the number of firms is unmanageable and there are a number of good substitutes for peanuts.

Read 115 times

1 Reply

Report

Replies

Answer verified by a subject expert

Akshtsaklani21

wrote...

Related Topics

Ryanteck Author

wrote...

6 years ago

Helped a lot

Loruiz15

wrote...

Yesterday

You make an excellent tutor!

megan.xo

wrote...

2 hours ago

Thanks for your help!!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1244 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

322

270

Your Opinion

Previous poll results: Who's your favorite biologist?

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.