Author Question: Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the ... (Read 127 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
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
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

For a complete list of videos, visit our video library