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Author Question: A black market is a market in which A) goods are traded at prices above their legal maximum ... (Read 96 times)

KWilfred

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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.


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brittanywood

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


KWilfred

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kishoreddi

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Reply 3 on: Yesterday
Excellent

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