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

Author Question: A black market is a market in which A) goods are traded at prices above their legal maximum ... (Read 172 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
A black market is a market in which
 
  A) goods are traded at prices above their legal maximum prices.
  B) sales taxes are effectively doubled.
  C) goods are sold at outlet prices.
  D) sales take place exclusively at outlet prices.

Question 2

Which of the following is TRUE of an oligopoly?
 
  A) They engage in nonprice competition.
  B) They do not react to actions of their competitors.
  C) Each firm produces a small portion of the total output.
  D) Firms do not care what their competitors do.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


KWilfred

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Excellent

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

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

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

A black first-generation Labrador/Poodle cross puppy (informally referred to as a Labradoodle) only A black first-generation Labrador/Poodle cross puppy (informally referred to as a Labradoodle) only
Worldly Goods Worldly Goods
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
How to find the maximum and minimum of a quadratic relation How to find the maximum and minimum of a quadratic relation
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2] Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2]
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library