« previous next »

Author Question: Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the ... (Read 113 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the price of their good. In this prisoners' dilemma type situation, the likely outcome is
 
  A) both will cheat.
  B) neither one will cheat.
  C) only one will cheat.
  D) It is impossible to say.

Question 2

If a Lorenz curve for a country's income bows more rightward over time, then the country's
 
  A) income is increasing.
  B) income is decreasing.
  C) income is becoming more unequally distributed.
  D) income is becoming more equally distributed.


sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben
Sample purchase order form. Sample purchase order form.
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Bacteria in your GI tract synthesize one form of vitamin K Bacteria in your GI tract synthesize one form of vitamin K
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library