If four electronics companies agree to decrease their production of cell phones and raise the price of their cell phones to $400, this is an example of ________.
A) price fixing
B) monopolization
C) bid rigging
D) market division
A) price fixing
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If cash is deposited into a checking account, the supply of money increases
Indicate whether the statement is true or false
Voluntary export restraints
A) have the same effect as an import ban. B) violate the spirit of international trade agreements. C) are illegal under the international trading rules. D) all of the above.
The general answer to the question of choosing the scale of the variables is
A) dependent on you whim. B) to make the regression results easy to read and to interpret. C) to ensure that the regression coefficients always lie between -1 and 1. D) irrelevant because regardless of the scale of the variable, the regression coefficient is unaffected.
Explain how the equilibrium wage rate is determined for a perfectly competitive industry and how a firm in that industry determines its profit maximizing employment level
What will be an ideal response?