Part 5 - Stretch Your Thinking-
10. Use the law of supply to explain why businesses in competi...
Part 5 - Stretch Your Thinking-
10. Use the law of supply to explain why businesses in competitive markets don't work together to set
prices artificially high to earn more profit?
11. Use your understanding of supply to explain why some domestic producers are in favor of placing
tariffs on foreign goods or limiting trade with other countries?
Answers: 3
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