« previous next »

Author Question: During certain periods in the past few decades, if one of the three major breakfast cereal producers ... (Read 22 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
During certain periods in the past few decades, if one of the three major breakfast cereal producers in the United States announced a price increase, the other two announced a similar price increase. This is a good example of
 a. monopolistic competition
  b. a cartel
  c. a pure monopoly
  d. the kinked demand curve model of oligopoly
  e. the price leadership model of oligopoly

Question 2

According to William Niskanen, bureaucrats seek to
 a. maximize profits
  b. maximize tax revenues
  c. maximize budgets
  d. minimize variable costs
  e. minimize total costs


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Major Hydrosphere Reservoirs Major Hydrosphere Reservoirs
“Mission Accomplished” proclaimed the banner on the USS Abraham Lincoln, where on May 1, 2003, Presi “Mission Accomplished” proclaimed the banner on the USS Abraham Lincoln, where on May 1, 2003, Presi
The Six Major Divisions of Biopsychology, with Examples of How They Have Approached the Study of ... The Six Major Divisions of Biopsychology, with Examples of How They Have Approached the Study of ...
Past Vegetation Past Vegetation
Major marma point locations. Major marma point locations.
The Amounts of the Different Minerals in Your Body The major minerals are present in larger amounts The Amounts of the Different Minerals in Your Body The major minerals are present in larger amounts
Video: Genetics of Cancer

For a complete list of videos, visit our video library