The chances of successful collusion are greatest when
a. firms are producing a differentiated product
b. there are many firms in the industry
c. there are tiny firms and huge firms together in the same industry
d. demand curves and cost curves are similar among the firms in the industry
e. demand is falling
D
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An American farmer buys an irrigation system from a Norwegian irrigation company based in Oslo. To Americans, the irrigation system is a(n)
A) import. B) export. C) quota. D) tariff.
There are six firms in an industry, with market shares of 50 percent, 25 percent, 10 percent, 10 percent, 3 percent and 2 percent. The four firm concentration ratio is ________, and the HHI is ________
A) 100; 100 B) 95; 3338 C) 95; 10,000 D) 100; 3338
Dividends are paid by corporations out of _____ leading to _____
a. pre-tax income; dividends escaping taxation b. pre-tax income; the double taxation of saving c. after-tax income; dividends escaping taxation d. after-tax income; the double taxation of saving
If a good is free, a rational consumer will continue to consume that good, irrespective of its marginal utility
a. True b. False Indicate whether the statement is true or false