In an economist's view, a cartel usually offers to society
a. all the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly.
b. all the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly.
c. none of the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly.
d. none of the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly.
d
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If the centrally planned economy of Rowboat dismantles central controls before institutions such as property rights are in place, instability will most likely result
a. True b. False
Shark-repellent refers to a class of activities utilized to take over attractive corporations
Indicate whether the statement is true or false
List the reasons why the actual multiplier, which is estimated to be less than 2 for the U.S. economy, is much less than what the oversimplified formula suggests
Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve remains at DA. Which of the following is TRUE?
A) Only quantity supplied has increased.
B) Only quantity demanded has decreased.
C) Supply has increased.
D) Supply has decreased.