A ________ is a formal organization of producers who agree on anticompetitive actions
A) duopoly
B) cartel
C) monopoly
D) partnership
B
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An insolvent bank is one that owes more money to its depositors than it has in cash, loans, and other assets
Indicate whether the statement is true or false
A firm in monopolistic competition maximizes its profit by ________
A. differentiating its good and producing the quantity at which price equals marginal revenue B. producing the quantity at which marginal revenue equals marginal cost and then adding a markup C. raising its price and producing so that it always has excess capacity D. producing the quantity at which marginal cost equals marginal reve-nue and charging the highest price at which it can sell that quantity
The key explanation for the prevalence of waterway pollution is: a. the inclusion in decisions of all production costs associated with the use of waterways
b. that there are private costs but no costs to society associated with the use of waterways that are not costs to society. c. that waterways are not private property and can be used free of charge. d. that waterways are not of great value to society.
Which of the following combinations would be on an aggregate demand curve with a spending growth rate of 6%?
What will be an ideal response?