This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: There are a few firms in the automobile industry in Poorland. In order to prevent a price war, these ... (Read 32 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
There are a few firms in the automobile industry in Poorland. In order to prevent a price war, these firms have secretly agreed to charge a price 20 above the marginal cost of production. This is an example of ________.
 
  A) free riding
  B) undercutting
  C) collusion
  D) cost-cutting

Question 2

The optimal bidding strategy in a first-price sealed-bid auction is identical to the optimal bidding strategy in a(n) ________ auction.
 
  A) open-outcry English
  B) open-outcry Dutch
  C) second-price sealed-bid
  D) dollar


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Gracias!

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

bio industry bio industry
Use face cradle covers to prevent the client’s skin from touching the face cradle upholstery. Use face cradle covers to prevent the client’s skin from touching the face cradle upholstery.
Afterload is the pressure that the ventricles must overcome in order to open the aortic and pulmonic Afterload is the pressure that the ventricles must overcome in order to open the aortic and pulmonic
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
What mechanisms prevent interspecies and same-sex breeding? What mechanisms prevent interspecies and same-sex breeding?
Analysis of double-mutant phenotypes to find order of genes in developmental pathways Analysis of double-mutant phenotypes to find order of genes in developmental pathways
Video: Structures that affect circulation - kidneys and blood volume and skeletal muscle pumping

For a complete list of videos, visit our video library