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

Author Question: Each member of a cartel a. faces a temptation to cheat on the agreement because lowering its price ... (Read 56 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jun 30, 2018
Each member of a cartel
 a. faces a temptation to cheat on the agreement because lowering its price slightly below the established price will usually increase the firm's sales and profit
  b. faces a temptation to cheat on the agreement because raising its price slightly above the established price will usually increase the firm's sales and profit
  c. has no temptation to cheat on the agreement because lowering its price slightly below the established price will usually have no impact on the firm's sales and profit
  d. has no temptation to cheat on the agreement because raising its price slightly above the established price will usually decrease the firm's sales and profit
  e. has no temptation to cheat on the agreement because lowering its price slightly below the established price will usually lower the firm's sales and profit

Question 2

Public choice theory assumes that government makes optimal policies to respond to the shortcomings of private markets.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The FDA recognizes 118 routes of administration.

How many faces do you see How many faces do you see
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library