I believe that the best answer among the choices provided by the question is <span> C. Some have absolute power, and some have limited power.</span>
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Explanation: Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost) New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.
Answer: Because of his EDUCATION.
Explanation: Prestige as defined by the Oxford learner's dictionary is the respect and admiration that somebody/something has because of their social position, or what they have done. In this case, prestige is defined as the amount of money one has. What one has done and social position isn't a factor of money. Dr Ramirez is viewed as having a high prestige due to the level of his education.