Collusion is:
A. legal in the United States.
B. more likely in industries with a large number of firms.
C. not possible when firms interact repeatedly forever.
D. None of the answers is correct.
Answer: D
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Contribution margin is
a. the contribution of each unit sold towards covering the fixed costs b. the contribution of each unit sold towards covering the variable costs c. the contribution of each unit sold towards covering the average variable costs d. All of the above
Poverty is found to be correlated with
a. age and race but not family composition. b. race only. c. race and family composition but not age. d. age, race, and family composition.
Which of the following is an economic or political question regarding income redistribution?
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