During certain periods in the past few decades, if one of the ...

[genevieve1028]

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]

Answer to Question 1

E

Answer to Question 2

C