When oligopolists join together in a cartel, they:
a. choose to ignore their mutual interdependence
b. indicate awareness that their behavior is interdependent.
c. violate the law of supply and demand.
d. attempt to behave like perfect competitors.
b
You might also like to view...
Most governments subsidize basic education because
A) there are external costs associated with well educated citizens. B) the marginal social benefit of education is greater than the marginal private benefit. C) of the existence of private schools. D) None of the above answers are correct.
Fiscal policy is the manipulation of government spending and taxes
a. True b. False Indicate whether the statement is true or false
What is the big-push strategy and what are the problems associated with financing a big-push?
The best guess is that the cross elasticity between Rolaids and Tums, the two leading antacids in the country, is
a. negative b. positive c. zero d. one e. infinite