Which of the following is usually an effect of an embargo?

A. Prices fall because consumers have more options
B. Prices rise because consumers have fewer options
C. Countries benefit because open trade is encouraged
D. Smaller countries give in to the demands of larger countries

Explanation: Lack of competition drives up INCREASE in the prices for consumers. In a price of increase for such product such as drugs. As fewer large players have controlled more of the market, mark-ups have tripled increase the price, and consumer has a few options. Families are paying higher prices for necessities things like prescription drugs, hearing aids, and internet service. Prohibited for such product so that's why the price will rise in this condition consumer have fewer option.

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Which of the following is usually an effect of an embargo? A. Prices fall because consumers have more options B. Prices rise because consumers have fewer options C. Countries benefit because open trade is encouraged D. Smaller countries give in to the demands of larger countries

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Which of the following is usually an effect of an embargo?

A. Prices fall because consumers have more options
B. Prices rise because consumers have fewer options
C. Countries benefit because open trade is encouraged
D. Smaller countries give in to the demands of larger countries