An oligopoly model that describes formal collusion is the a. ...

[Yi-Chen]

An oligopoly model that describes formal collusion is the
 a. kinked demand curve model
  b. cartel model
  c. cost-plus pricing model
  d. game theory model
  e. horizontal merger model

Question 2

If managers of a private corporation perform poorly, each owner has the option of
 a. closing down the firm
  b. selling her share of the firm
  c. managing the firm herself
  d. paying no taxes on the little profit she does receive
  e. selling off the plant and equipment of the firm

[coyin]

Answer to Question 1

B

Answer to Question 2

B