A cartel is an agreement
A) among firms to flood the market and eliminate competition.
B) among firms to steal industrial processes from rival firms.
C) among firms to decrease output and raise price.
D) by the government to restrict imports.
C
You might also like to view...
An increase in the marginal tax rate
A) decreases the expenditure multiplier but cannot make it negative. B) has no effect on the expenditure multiplier. C) can either increase or decrease the expenditure multiplier. D) increases the expenditure multiplier. E) decreases the expenditure multiplier and can make it negative.
Which price index published by the US federal government represents wholesale price changes?
A) Consumer Price Index B) Producer Price Index C) GDP deflator D) Dow-Jones Industrial Average
What does cross elasticity of demand between goods reveal about the nature of relationship between them?
Which of the following is a predicted result of the increased use of additive manufacturing (using 3-D printers)?
A. Economies of scale in manufacturing will be eliminated, driving up production costs and prices. B. Lower prices of manufactured goods through the elimination of large fixed costs and transportation costs. C. Monopolization of manufactured goods industries, as few individuals can afford additive manufacturing technology. D. Significant increases in the fixed costs of producing manufactured goods.