This battle was the costliest battle
The major reason that firms form a cartel is to maximize joint profits. The Option D is correct.
<h3>What is a cartel?</h3>
A cartel refers to the association of independent firms or individuals for the purpose of exerting some form of restrictive or monopolistic influence on the production or sale of a commodity. The most common arrangements of cartel are aimed at regulating prices or output or dividing up markets.
According to economist, the main justification for the establishment of cartels is for the protection from ruinous competition, which, it is alleged, causes the entire industry’s profits to be too low.
A cartelization provide for distributing fair shares of the total market among all competing firms and the most common practices employed by cartels in maintaining their industry’s monopoly position including the fixing of prices, the allocation of sales quotas or exclusive sales territories.
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What is Longitudinal Study?
In a longitudinal study, the same subjects are periodically examined to look for any changes that might happen over time.
In longitudinal studies, a sort of correlational research, researchers watch and gather information on numerous factors without attempting to change them.
The other social or medical sciences may also use longitudinal research, though these fields use them most frequently in epidemiology, economics, and medicine.
A longitudinal research can be conducted over any period of time as long as participants are repeatedly examined. They can last anywhere between a few weeks and several decades. They often endure at least a year, and frequently several.
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Answer:
Shi Huangdi brutally suppressed dissent. Some accounts say that 460 scholars were rounded up and executed, and the texts they had used to criticize the government were confiscated or burned. Citizens of all ranks were encouraged to inform on one another; those convicted of crimes were executed, mutilated, or put to hard labor. (Learn more about Confucius, a Chinese philosopher, politician, and teacher.)
