Price leadership is not ______ collusion but ______ collusion.
a. tacit; outright
b. predatory; vertical
c. outright; tacit
d. competitive; tying
c. outright; tacit
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Which of the following statements regarding U.S. economic growth is NOT correct?
A) Over the past 100 years, on the average real GDP per person grew 2 percent a year. B) The average annual growth rate of real GDP per person in the United States was rapid during World War II. C) In the 1930s, real GDP fell well below its trend. D) The growth rate of real GDP per person accelerated between 1973 to 1984.
When you buy previously issued shares of Twitter stock, this transaction takes place in the
A) primary market. B) bear market. C) bond market. D) secondary market.
Which characteristic does not help define a monopoly?
a. no close substitutes b. price-making behavior c. firm is the industry d. mutual interdependence e. firm's demand curve is market demand curve
A consumer possesses five pounds of bananas and values their total utility at $2.14 . If one additional pound is acquired and marginal utility is 11 cents, total utility will
a. rise to $2.25. b. fall to $2.03. c. stay the same. d. fall to $2.11.