If your marginal utility becomes negative, your total utility _____________.
Fill in the blank(s) with the appropriate word(s).
declines
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What is tacit collusion?
What will be an ideal response?
“To choose is to lose” is another way to describe which concept in economics?
a. scarcity of resources b. tangible benefits c. marginal thinking d. opportunity cost
Factors that affect the ability of oligopolistic firms to successfully engage in cooperation include ____
a. number and size distribution of sellers b. size and frequency of orders c. product heterogeneity d. a and b only e. a, b, and c
If the banking system is heavily into loans supported by stock market collateral, then any downward movement in stock prices that frightens banks enough to sell off their stock collateral will drive stock prices down even further
Indicate whether the statement is true or false