A black market is a market in which A) goods are traded at ...

[KWilfred]

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.

[brittanywood]

Answer to Question 1

A

Answer to Question 2

A

[KWilfred]

Thanks for the timely response, appreciate it

[helenmarkerine]

Gracias!