Lawmakers can decide whether the buyers or the sellers must send a tax to the government, but they cannot legislate the true burden of a tax

Explain what a cartel is and the difficulties faced in maintaining a cartel

What will be an ideal response?

Opportunity cost is defined as

A) the highest valued alternative that must be given up to engage in an activity. B) the benefit of an activity. C) the total value of all alternatives that must be given up to engage in an activity. D) the monetary expense associated with an activity.