A cartel is
a. explicit collusion
b. a conglomerate merger
c. a horizontal merger
d. legal in the United States
e. implicit collusion
A
You might also like to view...
The market will overproduce goods that have external costs because
A. Producers cannot keep these goods from consumers who do not pay, so they have to produce greater amounts. B. Producers experience higher costs than society. C. Producers experience lower costs than society. D. The government is not able to produce these goods.
If the steady-state unemployment rate for an economy is 5% and each period 2% of employed workers lose their jobs, what percent of unemployed workers find employment each period?
A. 28% B. 38% C. 48% D. 8% E. 18%
Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.Equilibrium in this market occurs at the intersection of curves S and D.
Figure 4.6Refer to Figure 4.6. Producer surplus changes by the area [E + F] if price goes from equilibrium to
A. P1. B. P3. C. < P1. D. > P3.
The relationship between the price that a perfectly competitive firm can charge buyers and the firm's marginal revenue is that the price is ________ marginal revenue over all output.
A. below B. equal to C. above D. sometimes above and sometimes below