The outcome of a colluding oligopoly:
A. is more efficient than that of a monopolist.
B. is the same as that of a monopolist.
C. is less efficient than that of a monopolist.
D. is more efficient than that of a competitive oligopoly.
B. is the same as that of a monopolist.
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If the dollar depreciates against the British pound, U.S. goods sold in ________ would become less expensive and British goods sold in ________ would become more expensive
A) Great Britain; Great Britain B) the United States; Great Britain C) Great Britain; the United States D) the United States; the United States
Congress authorized a second Bank of the United States partly in response to:
A) difficulty in funding the American Revolution B) difficulty in funding the War of 1812 C) difficulty in funding the Industrial Revolution D) difficulty in funding the Civil War
In the macroeconomic long run,
What will be an ideal response?
Utility analysis helps economists understand
A. how to eliminate opportunity costs. B. how to eliminate scarcity. C. how people make decisions about what they buy and how much. D. none of these.