The formation of cartels is illegal in the United States and the European Union

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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How has air quality changed in the United States since 1980?

What will be an ideal response?

Economics

Increases in both labor and capital productivity will result in:

A) downward shift of the average and marginal product curves and upward shift of the average cost curves. B) downward shift of the average and marginal product curves and downward shift of the average cost curves. C) upward shift of the average and marginal product curves and downward shift of the average cost curves. D) upward shift of the average and marginal product curves and upward shift of the average cost curves.

Economics

The monopoly supply curve is the

A) same as the competitive market supply curve. B) portion of marginal costs curve where marginal costs exceed the minimum value of average variable costs. C) result of market power and production costs. D) none of the above

Economics

Taxing people according to their marginal valuations of a public good may be efficient, but it may not be fair if the ability to pay differs

a. True b. False

Economics