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.
Goanna Lizard (Varanus varius), Kangaroo Island, South Australia
Skin of an African (left) and Asian (right) elephant.
Leopard with kill in tree in South Africa
Until the 1960s, the South’s public facilities were segregated. Some were reserved for whites, ...
Collaboration And Discussion