I put the wrong answer on this before and I'm not sure what the correct one is or how to completely delete this comment so I'm sorry to anyone looking for the answer.
Hi!
This belongs more under 'Business', as it deals with economics.
One would not want to under- or over- produce. Too little, and you have wayyy too much demand, and people would be looting. Too much, and many resources, like fresh fruit, would go to waste and not be bought.
If you found this especially helpful, I'd appreciate if you'd vote me Brainliest for your answer. I want to be able to assist more users one-on-one!
Hi how are you what is the question because I need to answer
He always will have only one option or one price. when there is a monopoly, the consumer can be consuming a bad quality product with a expensive price, and when happen a cartel the businessman won't have a competitor, because the product always be the same price. I hope I helped you.
He claimed that it was a new phenomenon because the postwar economy was booming in the US, unlike the rest of the world. As he claims, while there should be scarcity, there's an economy of abundance in the US, which goes against common sense.
