A group of producers that agree to coordinate their production is called a
A) cartel.
B) monopoly.
C) free market competition.
D) vertical merger.
Answer: A
You might also like to view...
The minimum wage
A) is type of price ceiling. B) is a type of price floor. C) can create a surplus of labor. D) Both answers A and C are correct.
The purchase of fifty new food-processing machines by the Campbell Soup Corporation would be classified as investment spending
a. True b. False Indicate whether the statement is true or false
Which of the following best describes bank regulations?
a. Bank regulation falls into a number of categories, including reserve requirements, capital requirements, but not restrictions on the types of investments banks may make. b. Bank regulation falls into a number of categories, including reserve requirements, capital requirements, and restrictions on the types of investments banks may make. c. Bank regulation falls into a number of categories, including reserve requirements, restrictions on the types of investments banks may make, but not capital requirements. d. Bank regulation falls into a number of categories, including capital requirements, and restrictions on the types of investments banks may make, but not reserve requirements.
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle? Cleaners, in? equilibrium, Happy Cleaners will produce? ________ than Sparkle Cleaners and earn an economic profit that is? ________ Sparkle Cleaners.
A) more; less than
B) less; less than
C) less; the same as
D) more; the same as