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Author Question: A formal agreement among the firms in an industry to coordinate their production and pricing ... (Read 69 times)

viki

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A formal agreement among the firms in an industry to coordinate their production and pricing decisions in order to earn monopoly profits is known as
 a. price discrimination
  b. the kinked demand curve
  c. monopolistic competition
  d. a cartel
  e. joint competition

Question 2

The basic difference between a public bureau and a market firm is that the bureau
 a. has an incentive to maximize profits
  b. has no incentive to minimize costs
  c. managers do not attempt to maximize their self interest
  d. managers are more likely to be concerned with the public interest than their own self interest
  e. faces a budget constraint placed up it by the voters



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duy1981999

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Answer to Question 1

D

Answer to Question 2

B




viki

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


diana chang

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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