All of the following will cause a shift in the supply of jeans EXCEPT
a. a decrease in the prices of jeans.
b. a decrease in the number of jean manufacturers.
c. an increase in the cost of producing jeans.
d. a per-unit government subsidy on the production of jeans.
Answer: a. a decrease in the prices of jeans.
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Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Mega cheats on the agreement by reducing its price to $1 while Acme continues to comply with the collusive agreement, then Mega's economic profit will be ________.
A. $200 B. $150 C. $100 D. $75
The owner of a proprietorship might decide incorporate the firm as a corporation in order to
A) be able to conduct business in more than one county. B) avoid the principal-agent problem. C) be eligible for patent protection of new products. D) gain limited liability.
What does the phrase "post hoc, ergo propter hoc" mean?
What will be an ideal response?
incentives
What will be an ideal response?