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Author Question: Government failure means that government action reduces market efficiency. Indicate whether the ... (Read 55 times)

mpobi80

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on: Jun 30, 2018
Government failure means that government action reduces market efficiency.
  Indicate whether the statement is true or false

Question 2

Cartels are thought to be inherently unstable because:
 a. the costs of enforcing cartel agreements are very low.
 b. each cartel member can privately profit from increasing production beyond agreed-upon levels.
  c. customers force cartel members to increase production and reduce prices.
 d. cartel agreements are legally binding and can be upheld in court.


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akudia

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


mpobi80

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

carlsona147

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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