« previous next »

Author Question: Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the ... (Read 123 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?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Acromegaly in one individual from a pair of identical twins. Acromegaly in one individual from a pair of identical twins.
Hot Springs Form on the Seafloor Near Spreading Centers Hot Springs Form on the Seafloor Near Spreading Centers
Effect of pH on drug absorption: (a) A weak acid such as aspirin (ASA) is in a nonionized form in an ... Effect of pH on drug absorption: (a) A weak acid such as aspirin (ASA) is in a nonionized form in an ...
Shaking. A form of coarse vibration to a muscle or muscle group. Shaking. A form of coarse vibration to a muscle or muscle group.
6. Nitric oxide reacts with oxygen to form nitrogen dioxide: 2 NO(g) + O2(g) ⇌ 2 NO2(g) What ... 6. Nitric oxide reacts with oxygen to form nitrogen dioxide: 2 NO(g) + O2(g) ⇌ 2 NO2(g) What ...
How to visualize division in the Odds form of Bayes's Theorem? How to visualize division in the Odds form of Bayes's Theorem?
Video: ribosome

For a complete list of videos, visit our video library