Recall the Application about the attempt to form a salt cartel in the 19th century to answer the following question(s).According to the Application, what was the objective of firms when they created salt pools?

A. To decrease competition and keep prices uniformly high.
B. To decrease competition and keep prices uniformly low.
C. To lobby the state governments to prevent salt from other states to enter.
D. To give support to financially troubled salt mines.


Answer: A

Economics

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Economics