Suppose an oil cartel has an agreement to restrict members' production in order to maintain a price of $30 per barrel. A single cartel member may want to cheat and exceed its quota so that it can:
A. reduce its costs.
B. charge higher prices.
C. make demand more inelastic.
D. earn a bigger profit.
Answer: D
Economics
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_______________ sold low-priced, prefabricated homes to people who wanted to move to the suburbs after World War II.
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