As the manager of a hotel, you recently noticed that one of your suppliers has started advertising their prices and has changed the specifications of its product to match those of its rivals. The actions of your supplier suggest that any of the following might be occurring except which one?
A) The supplier is attempting to increase its profits.
B) The supplier is part of a cartel.
C) The supplier is paying treble damages.
D) The supplier is attempting to engage in tacit collusio
C) The supplier is paying treble damages.
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The members of Federal Reserve district bank boards of directors who are leaders in industry, commerce, and agriculture are known as
A) Class A directors. B) Class B directors. C) Class C directors. D) Class D directors.
If a manager's expected marginal revenue exceeds their expected marginal cost, which of the following is true?
A) The expected profit from producing another unit is negative. B) The manager is maximizing expected profit. C) To maximize expected profit, the manager should decrease production. D) To maximize expected profit, the manager should increase production.
Since the cost of using more of any resource is ________, viewing any resource's price as zero leads to ________.
A. negative; overutilization B. positive; overutilization C. positive; underutilization D. positive; a surplus
A period of time in which an individual is continuously unemployed is called an unemployment
A. participation period. B. duration. C. spell. D. rate.