With which choice are you more likely to avoid Bid-rigging cartels?
a. Holding oral auctions
b. Holding Vickery auctions
c. Holding sealed-bid auctions
d. Both B&C
d
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If industry sales are $2,000, and the top four firms have sales of $170, $140, $100, and $80, respectively, what will be the four-firm concentration ratio?
A) 49 percent B) 24.5 percent C) 490 percent D) 2.45 percent
If domestic producers have a comparative advantage in producing a good,
a. trade restrictions will be required before the producers can benefit from their comparative advantage. b. trade restrictions will still be required before the domestic producers can compete with low-wage producers abroad. c. they will be able to compete effectively in a competitive world market. d. the government should subsidize production of the good so the domestic producers will be able to achieve a larger share of the world market.
Recycling in the United States in recent years
A. has decreased in spite of increased rates for common recycling materials. B. has remained unchanged, and increased rates for recycling may help. C. has increased with increased rates for recycling materials. D. has increased with no help from increased fees for recycling materials.
Suppose Aharoni and Kalinga are the only two countries in the world and they produce computers and shoes. Aharoni has 100 workers, and Kalinga has 200 workers. The table below shows the per-day production possibilities for each country. Aharoni has:
What will be an ideal response?