In the United States, why are cartels among firms usually kept secret?

What will be an ideal response?

Cartels are typically kept secret because they are illegal. In the United States and many other countries, it is illegal for firms to collude to form a cartel. It is illegal because firms collude in order to restrict output, raise prices, and capture consumer surplus so that they increase their economic profit.

Economics

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Which of the following is most likely to be private property?

A) bees B) house flies C) farm raised chickens D) winds

Economics

If John's willingness to pay for a good is $20 and the price of the good is $15, how much is John's consumer surplus from purchasing the good?

Economics