Collusion among monopolistic firms:
A. Is common in world markets, but does not happen in the U.S.
B. Becomes more difficult if there were fewer firms in the group
C. Becomes easier during a recession when sales are falling
D. Becomes more difficult if the firms all have different cost and demand curves
D. Becomes more difficult if the firms all have different cost and demand curves
You might also like to view...
OPEC is an example of a:
A. cartel. B. duopoly. C. monopoly. D. monopsony.
Which of the following is the best place to set funds aside for "surprise" expenditures?
A) ownership of real estate B) your regular checking account. C) the stock market D) a savings account
Assume that this graph illustrates a perfectly competitive labor market.
Equilibrium in this labor market is at a wage of ________ per hour and an employment level of ________ person-hours per day.
A. $20; 125 B. $30; 150 C. $20; 200 D. $30; 100
Which of the following best defines the exchange rate?
A. The rate at which one currency can be exchanged for another B. The rate at which the goods of one country can be exchanged for the goods of another C. The ratio of the number of units of one currency in circulation to the number of units of another currency in circulation D. The difference between the inflation rate in one country and the inflation rate in another country