Price leadership may sometimes be an example of covert collusive behavior by oligopolies
a. True
b. False
Indicate whether the statement is true or false
True
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During the late 1980s and early 1990s, most of the budget deficits were accounted for by
A. the decline of foreign investment in the United States. B. the downturn in the economy. C. deliberate fiscal policy changes. D. all of the above are correct.
The absolute price elasticity of demand would be the lowest for
A) automobiles. B) Pizza Hut pizza. C) salt. D) movie tickets.
According to the principle of marginal productivity, the quantity of an input demanded depends on the
a. price of the input. b. price of outputs in which the input is used. c. technology of production. d. All of the above are correct.
The Federal Reserve can decrease the money supply by:
A. conducting open market purchases. B. introducing deposit insurance. C. decreasing the discount rate. D. increasing reserve requirements.