Cartel members have a collective interest in ____ industry price and a private interest in ____ their own prices

a. increasing; increasing
b. increasing; decreasing
c. decreasing; increasing
d. decreasing; decreasing


b

Economics

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What will be an ideal response?

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Changes in business inventories are known as

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According to economists, the income elasticity of an inferior good

a. is less than one b. exceeds one c. is zero d. is inelastic e. is negative

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Unions have the power to

a. set all working rules. b. increase the firm's total taxes. c. push wages above competitive levels at times. d. make a firm nationalized.

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