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Author Question: Tacit collusion occurs in industries that a. are monopolistically competitive b. contain price ... (Read 21 times)

Jramos095

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on: Jun 30, 2018
Tacit collusion occurs in industries that
 a. are monopolistically competitive
  b. contain price leaders
  c. experience rapid technological change
  d. are regulated
  e. produce very differentiated products

Question 2

If the legislature has a line-item veto on a bureau's budget, the bureau
 a. can no longer present its entire budget as a package deal for provision of services
  b. will have more power than if the legislature used an overall budget ceiling
  c. will be able to supply its output to the legislature as a monopolist
  d. will try to discourage budget cuts by threatening to make cuts that will cause the legislature the least political trouble
  e. will be free to pursue its own overall objectives


coyin

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

B

Answer to Question 2

A


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