Cheating in a cartel is more likely to occur if the industry
A) has a large number of firms.
B) has homogeneous products.
C) has easily observable prices.
D) has little variation in prices.
A
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Decision trees can only be used to analyze sequential games
Indicate whether the statement is true or false
Signaling is
a. actions by the informed party to reveal her true risks b. actions by the informed party to conceal her true risks c. actions by the uninformed party to uncover the true risks d. actions by the uninformed party to conceal the true risks
Which of the following shocks have caused most of the recessions since 1950?
a. Both c and e b. Increased government spending c. Oil price increases d. The beginning of a war e. Changes in Federal Reserve Policy
Briefly explain how rational expectations theorists feel about government attempts to reach macroeconomic goals, and why.
What will be an ideal response?