« previous next »

Author Question: During certain periods in the past few decades, if one of the three major breakfast cereal producers ... (Read 21 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
During certain periods in the past few decades, if one of the three major breakfast cereal producers in the United States announced a price increase, the other two announced a similar price increase. This is a good example of
 a. monopolistic competition
  b. a cartel
  c. a pure monopoly
  d. the kinked demand curve model of oligopoly
  e. the price leadership model of oligopoly

Question 2

According to William Niskanen, bureaucrats seek to
 a. maximize profits
  b. maximize tax revenues
  c. maximize budgets
  d. minimize variable costs
  e. minimize total costs


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Major parts of a kidney Major parts of a kidney
Rhomboid Major Rhomboid Major
Major steps in the coagulation cascade Major steps in the coagulation cascade
Major Diagnostic Categories of Mental Disorders Cont Major Diagnostic Categories of Mental Disorders Cont
The Three Major Doshas-Basic Constitutional Types The Three Major Doshas-Basic Constitutional Types
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library