If new firms enter a cartel market, the probability that the cartel will survive ________ if the cartel ________.
A) increases; includes or excludes the new firms from the agreement
B) increases; excludes the new firms from the agreement, but not if the cartel includes the new firms
C) decreases; excludes the new firms from the agreement, but not if the cartel includes the new firms
D) decreases; includes or excludes the new firms from the agreement
D) decreases; includes or excludes the new firms from the agreement
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According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
A) private saving and public consumption. B) private and public investment. C) private consumption. D) private and public saving. E) government expenditure.
In a world with money and bonds only
A) it is not risky to hold money. B) it is risky to hold money. C) risk is an important factor in the demand for money. D) there is no relationship between risk and holding money. E) assets become meaningless.
In what decade did the U.S. government first decide to intervene in the farm economy?
a. 1950s b. 1930s c. 1970s d. 1960s e. 1980s
The money multiplier:
A. Is the number of deposit dollars the banking system can create from $1 of excess reserves. B. Decreases as the required reserve ratio decreases. C. Is equal to excess reserves plus required reserves. D. Is equal to the required reserve ratio times transactions deposits.