Question

1. Which of the following statements best describes the strategy of many potato growers since 2005?

		Growers have worked together to reduce supply and stabilize demand. As a result, equilibrium price has been propped up and allowed farmers to earn what they consider a decent profit.
		because efforts by potato growers to restrict supply are illegal in the United States, they have focused exclusively on increasing demand to increase their profits.
		Growers have restricted supply so much that there is now a severe shortage of potatoes in the United States.
		Growers have continued to compete vigorously with each other, causing prices and profits to decrease.

Answer 1

1) As described in the text, which of the following statements best describes the strategy of many potato growers since 2005?

Answer- D) Growers have continued to compete vigorously with each other, causing prices and profits to decrease.