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Hi, Sorry I am in the lab so I have to type English.
I have summed up the 2nd JJ, since it looks a bit messy... in brief English, hope it helps!!
Bkgd: Cartel, similar to Monopoly.
P1:
1) Method 1-1: The gov force firms in certain industries to form Cartel ---> strict the Q + increase the P
Result-- Sometimes ineffective, since: national-assisted?
2) Method 2-1: Gov regulate quota/firm to decrease P
Result—Some member of C, less quota, to increase P<==>Most obey
P2:
Method 2-1: Gov purchase large Q of the commodity---> decrease Q + increase the P.
i.e.: Farmer, corps & Gov.
Method 2-2: Gov purchase firms @ high costs---> protect industry + lower P
![](static/image/smiley/default/lol.gif) ![](static/image/smiley/default/lol.gif) |
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