The desire of businesses to _______, so that they can raise the prices that they charge and earn higher profits, has been well-understood by economists for a long time.

Question

Quizplus · Accepted Answer

The correct answer is D because businesses often seek to avoid competing with each other as competition can lead to lower prices and reduced profit margins. By reducing competition, businesses can potentially charge higher prices and earn higher profits, a concept well-understood in economic theory.

The Desire of Businesses to _______, So That They Can