If firms meet together to decide on prices and outputs, it is called:
a. collusion

b. oligopolistic competition.
c. price leadership.
d. a pricing conglomerate.


a

Economics

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A) r, s, t, and u. B) r, s, v, and u. C) s, v, t, and u. D) s, v, and u only.

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The excess supply curve of a product we (H) import from foreign countries (F) increases as

A) excess demand of country H increases. B) excess demand of country F increases. C) excess supply of country H increases. D) excess supply of country F increases. E) excess supply of country F decreases.

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The __________ level of government accounts for the largest share of health care spending.

A. regional B. state C. municipal D. federal

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If tastes for foreign goods and services go up, then we would expect aggregate expenditure to:

A. remain constant. B. decrease. C. increase. D. increase and then sharply decrease more.

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