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

Economics

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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.

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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

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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.

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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

Economics