When producers agree to restrict output, raise the price, and ...

[melina_rosy]

When producers agree to restrict output, raise the price, and increase profits, the agreement is called ________.
 
  A) a pricing agreement
  B) an oligopoly agreement
  C) a collusive agreement
  D) a monopoly agreement

Question 2

As a result of an increase in tariffs, imports decrease and government revenue increases.
 
  Indicate whether the statement is true or false

[epscape]

Answer to Question 1

C

Answer to Question 2

TRUE

[melina_rosy]

Thanks for the timely response, appreciate it

[mcabuhat]

Excellent