Which of the following is an example of a cartel?
a. Advanced Micro Devices
b. AREVA
c. Organization of the Petroleum Exporting Countries
d. Combat Observation Laser Teams
e. Lloyds Banking Group
c
You might also like to view...
According to economic theory, elected government officials will favor
A) federal budget surpluses. B) balanced federal budgets. C) federal budget deficits. D) shrinking federal budgets.
During the antebellum period, the majority of the family labor on farms was devoted to investment type of activities—clearing land, constructing fences and buildings, and feeding and breeding livestock
Indicate whether the statement is true or false
If a monopolistically competitive firm earns $500,000 by selling 25,000 units of output, the price of its product is $25
a. True b. False Indicate whether the statement is true or false
If income is distributed equally in a society, the poorest fifth of the population receives
A. 5 percent of the total income. B. one-fifth as much as the richest fifth of the population. C. 20 percent of society’s total income. D. 50 percent of society’s total income.