Collusion between two firms occurs when
A) the firms independently pursue strategies that could hurt each other.
B) firms explicitly or implicitly agree to adopt a uniform business strategy.
C) announce that each will match its rival's market price.
D) firms act altruistically to bring about the economically efficient outcome.
Answer: B
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Assuming that money demand is completely interest insensitive, the
a. LM schedule will be horizontal. b. LM schedule will be vertical. c. IS schedule is vertical. d. IS schedule is horizontal.
According to Kathryn Edin and Laura Lein, virtually all poor single mothers supplemented their income with money from _______________________.
Fill in the blank(s) with the appropriate word(s).
As long as politicians know what voters want, government will deliver allocation and productive efficiency. Evaluate
Please provide the best answer for the statement.
If prices are rising on average, then
A) real GDP will always be equal to nominal GDP. B) real GDP will be greater than nominal GDP in the years after the base year. C) real GDP will be less than nominal GDP in the years before the base year. D) real GDP will be greater than nominal GDP in the years before the base year.