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Author Question: In November 2012, there was some discussion of several south-Asian countries joining together to ... (Read 157 times)

gboileau

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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.


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Marked as best answer by gboileau on Oct 12, 2022

ludadtpb

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gboileau

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


Liamb2179

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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