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Use the Following Diagram

Question 20

Multiple Choice

Use the following diagram. Which of the following statements is correct? Use the following diagram. Which of the following statements is correct? A) A cartel would be least successful if supply were represented by S₁. B) A cartel would be least successful if supply were represented by S₂. C) A cartel would be least successful if supply were represented by S<sub>3</sub>. D) A cartel would be most successful if supply were represented by S₂.


A) A cartel would be least successful if supply were represented by S₁.
B) A cartel would be least successful if supply were represented by S₂.
C) A cartel would be least successful if supply were represented by S3.
D) A cartel would be most successful if supply were represented by S₂.

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