Which of the following is more likely be the price elasticity of demand for anti-venom?

If a cartel is formed in order to maximize the total profits of its members, it will

a. charge the monopoly price, but produce more output than a monopoly would b. produce the monopoly output, but charge a lower price than a monopoly would c. charge the same price, and produce the same quantity that a monopoly would d. charge a higher price and produce more output than a monopoly would e. charge the monopoly price, but total output may be higher or lower than a monopoly's

A perfectly inelastic supply curve is

A) an upward sloping straight line that intersects the origin. B) horizontal. C) vertical. D) downward sloping.