Under the VER of the 1980s, U.S. automakers:
a. continued their downward slide.
b. could not recover because they were also faced with other issues, such as labor unrest, increased oil and steel prices, and higher taxes.
c. were able to raise prices and improve quality to get even higher prices.
d. were able, with the quota, to ignore world market conditions.
Ans: c. were able to raise prices and improve quality to get even higher prices.
Economics
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