Collusion among sellers will be less attractive when
a. it is difficult to determine if some firms are providing secret price cuts.
b. there are a small number of firms in the industry that are easily monitored.
c. the demand for the product is relatively stable.
d. the demand for the product is highly inelastic.
A
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a. lenders of the last resort b. financial intermediaries c. banker's banks d. thrift institutions e. profitable institutions
The Fed's use of the interest rate it pays banks on their excess reserves
a. is a tool the Fed has used effectively over the past several decades to control the money supply. b. is a tool that can be used to reduce the supply of money, but it cannot be used to expand it. c. is a monetary tool that the Fed introduced in 2008 d. is a tool that could be used to expand the money supply, but it could not be used to reduce it.
A competitive firm currently produces and sells 800 units of output at a price of $10 per unit. The firm's fixed cost is $4,000 and its variable cost is $8,300 . In the short run, should the firm continue to operate?
Which of the following declared monopoly and trade restraints illegal?
A. the Cellar-Kefauver Act B. the Clayton Act C. the Sherman Act D. the Federal Trade Commission Act