If firms meet together to decide on prices and outputs there is

a. overt collusion.
b. tacit collusion.
c. price leadership.
d. None of the above are correct.


a

Economics

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Which of the following represents the equation that would be used to determine the yield to maturity of a corporate bond with a face value of $1000, price of $1100, coupon rate of 5%, and maturity in three years?

A) $1100 = $1500/(1 + i)3 B) $1100 = $500/(1 + i) + $500/(1 + i)2 + 1000/(1 + i)3 C) $1100 = $500/(1 + i) + $500/(1 + i)2 + 500/(1 + i)3 D) $1100 = $500/(1 + i) + $500/(1 + i)2 + 1500/(1 + i)3

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Using the information in the table, develop the four-firm concentration ratio. Would you classify this industry as an oligopoly? Explain your answer

What will be an ideal response?

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Does a subsidy to buyers affect the demand curve?

A. Yes, it shifts demand up by the amount of the subsidy. B. Yes, it shifts demand to the right by the amount of the subsidy. C. No, the quantity demanded will increase, but the demand curve does not move. D. No, the quantity demanded will decrease, but the demand curve does not move.

Economics

If both the marginal social benefit of abatement function and the marginal social benefit of abatement function shifted up. a. The greater would be the efficient level of pollution abatement

b. The smaller would be the efficient level of pollution abatement. c. There would be no change in the efficient level of pollution abatement. d. We do not know whether the efficient level of pollution abatement would rise or fall.

Economics