Collusive action among producers creates higher prices for ...

[washai]

Collusive action among producers creates higher prices for consumers because it:
 a. causes overproduction and inefficiency.
  b. creates negative externalities.
  c. forces producers to be more competitive.
  d. allows producers to artificially restrict their supply.

Question 2

Which of the following is not a market failure?
 a. A lack of competition in some markets.
  b. Prices determined in competitive markets, which consumers, as individuals, have no control over.
  c. The presence of externalities in some markets.
  d. A lack of public goods desired by a majority of citizens.
  e. Income inequality.

[Tabitha_2016]

Answer to Question 1

d

Answer to Question 2

b

[washai]

Excellent

[bassamabas]

Gracias!