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

Author Question: Government failure means that government action reduces market efficiency. Indicate whether the ... (Read 65 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
Government failure means that government action reduces market efficiency.
  Indicate whether the statement is true or false

Question 2

Cartels are thought to be inherently unstable because:
 a. the costs of enforcing cartel agreements are very low.
 b. each cartel member can privately profit from increasing production beyond agreed-upon levels.
  c. customers force cartel members to increase production and reduce prices.
 d. cartel agreements are legally binding and can be upheld in court.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akudia

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Excellent

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« 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?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Normal and mutant homeotic gene action in Arabidopsis Normal and mutant homeotic gene action in Arabidopsis
Signs and symptoms of chronic liver failure. Signs and symptoms of chronic liver failure.
Mechanisms of action of antibiotics inhibiting bacterial protein synthesis. Mechanisms of action of antibiotics inhibiting bacterial protein synthesis.
Mechanisms of action of a riboswitch Mechanisms of action of a riboswitch
Sign and symptoms of a patient with heart failure Sign and symptoms of a patient with heart failure
Contemporary Organizational Behavior: From Ideas to Action Contemporary Organizational Behavior: From Ideas to Action
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library