If two bodegas in a market agree verbally that they will both sell Fritos at a higher price, and neither will undercut the other, this is called
A. collusion.
B. perfect competition.
C. implicit collusion.
D. monopolistic competition.
Answer: A
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When the Fed buys U.S. government securities from a bank, the Fed
A) loans the money needed to buy the securities to the bank. B) increases the bank's reserves at the Fed. C) obtains the money for the purchase from the U.S. Treasury. D) decreases the monetary base and raises the federal funds rate.
Suppose the price of copper and the quantity of copper both rose at the same time. Whatmight be the likely explanation of this using supply and demand analysis?
What will be an ideal response?
Which of the following would be the strongest signal in the labor market?
a. a nice haircut b. a stylish suit c. a graduate degree d. a professional business card
GDP can rise as a result of a rise in , and Real GDP can rise as a result of a rise in .
A) prices or output; prices only. B) prices only; prices or output. C) prices or output; output only. D) prices or output; prices or output.