It is commonly understood in economics that competition lowers prices by having companies fight each other for the consumers earned dollars.
A cartel is, then, an organization that exists for the purpose of controlling the supply and production of an item in order to fix the price.
By eliminating competition, a cartel is able to dictate to the market what they believe is an acceptable or desirable price.
Answer: Benefits provided two one or more users that have difference in usage.
Explanation: ...
John Harvard and Elihu Yale are two people who contributed to the development of two colleges in the US, named in their hour.
John Harvard was an English pastor who has donated greatly to the college during the time when the college needed it the most, which is why Harvard is named after him.
Elihu Yale was a merchant who donated greatly to Yale college, renamed in his honour.
Answer:
Americans have different ideals of what is valuable for a better life.
