Price leadership is a method by which oligopolies can
A. Encourage competition.
B. Illegally raise prices.
C. Maintain the "kink" in their demand curves.
D. Increase prices without explicit price-fixing.
Answer: D
You might also like to view...
A recent estimate of the fiscal burden on state and local government for low-skilled immigrant households is nearly:
A. $10 billion annually B. $30 billion annually C. $50 billion annually D. $100 billion annually
Consider a country that produces only two goods: parrots and iguanas. Suppose it is impossible for this country to increase its production of parrots without producing fewer iguanas. In this case, its current output combination is efficient
Indicate whether the statement is true or false
Before the early 1970s, we ran a positive trade balance
A. in both merchandise and services. B. in neither merchandise nor services. C. in merchandise, but not in services. D. in services, but not in merchandise.
Floating exchange rates
A) systematically lead to much larger but less frequent short-run deviations from the absolute PPP. B) systematically lead to much larger and more frequent short-run deviations from the relative PPP. C) systematically lead to much smaller and less frequent short-run deviations from the relative PPP. D) systematically lead to much smaller but more frequent short-run deviations from the relative PPP. E) systematically lead to much smaller and less frequent short-run deviations from the absolute PPP.