Why should consumers be concerned about collusive agreements? What legal remedies are available now?
Collusive agreements are basically agreements to reduce the level of competition in order to boost oligopoly profits. As a result, consumers must pay higher prices and smaller quantities of output are available for purchase. The marketplace and consumers have legal remedies in the form of antitrust laws, which prohibits price fixing by companies.
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If you deposit $1,000 in cash in your checkable deposit at your bank, the quantity of M1 immediately
A) increases by $1,000. B) decreases by $1,000. C) does not change in size. D) increases by $2,000. E) changes, but more information about the required reserve ratio is necessary to determine the amount of the change.
Economic growth means people produce
A) money. B) material things. C) whatever people value. D) only durable and high-quality goods.
Which of the following is likely to be used as a signal in the job market?
A) The job description B) The degree obtained by the applicant C) The letter of appointment D) An announcement of vacancy
A number of European nations have agreed to use the ___________ as a common currency
A. mark B. pound C. euro D. continental