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Author Question: In November 2012, there was some discussion of several south-Asian countries joining together to ... (Read 161 times)

gboileau

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on: Oct 12, 2022
In November 2012, there was some discussion of several south-Asian countries joining together to restrict the supply of rice to the world market. Between them, these countries' exports of rice account for 40% of the total global trade. What would they be trying to accomplish?
◦ They are attempting to form a cartel, drive other producers out of the world market and then increase their output of rice.
◦ They are attempting to form a cartel, increase their joint output, and control a larger percentage of the total global trade.
◦ They are attempting to price discriminate between consumers of their exported rice, thereby increasing their share of the global trade and increasing their joint profits.
◦ They are attempting to act as a bloc to restrict entry of new producers to the world market, and thereby protect their joint profits.
◦ They are attempting to form a cartel, jointly restrict output, and increase the world price of rice.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by gboileau on Oct 12, 2022

ludadtpb

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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gboileau

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

sarah_brady415

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Reply 3 on: Yesterday
Wow, this really help

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