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Author Question: The use of government to supplant market outcomes is called A) market failure. B) rent seeking. ... (Read 79 times)

EAugust

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on: Jun 30, 2018
The use of government to supplant market outcomes is called
 A) market failure.
  B) rent seeking.
  C) free riding.
  D) efficiency.

Question 2

When oligopolists join together in a cartel, they:
 a. choose to ignore their mutual interdependence.
 b. indicate awareness that their behavior is interdependent.
  c. violate the law of supply and demand.
 d. attempt to behave like perfect competitors.


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paavo

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

B

Answer to Question 2

b


EAugust

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

TheNamesImani

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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