Which statement is true?
A. Collusion is most likely in industries with high concentration ratios.
B. Collusion is most likely in industries with low concentration ratios.
C. There is no relationship between the likelihood of collusion and the size of the concentration ratio.
A. Collusion is most likely in industries with high concentration ratios.
You might also like to view...
Distinguish between risk that can be reduced through diversification and risk that cannot be reduced through diversification
What will be an ideal response?
If crowding out exists, contractionary fiscal policy will cause the aggregate demand curve to shift in by more than indicated by the government spending multiplier
a. True b. False Indicate whether the statement is true or false
The world price of a good is determined by the
A. demand for that good in the world market. B. country that produces the good. C. supply of that good in the world market. D. worldwide demand and supply of that good.
All of the following are generally true about trade-displaced workers EXCEPT that they ________.
A) move abroad to take new jobs B) earn less in their new jobs than they earned in their old ones C) spend their unemployment benefits on living rather than retraining D) have difficulty finding new work because of educational deficiencies