« previous next »

Author Question: Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the ... (Read 126 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the price of their good. In this prisoners' dilemma type situation, the likely outcome is
 
  A) both will cheat.
  B) neither one will cheat.
  C) only one will cheat.
  D) It is impossible to say.

Question 2

If a Lorenz curve for a country's income bows more rightward over time, then the country's
 
  A) income is increasing.
  B) income is decreasing.
  C) income is becoming more unequally distributed.
  D) income is becoming more equally distributed.


sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

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.

Ice-wedges form netlike polygons on the surface of the tundra, aerial photo of polygonal peat platea Ice-wedges form netlike polygons on the surface of the tundra, aerial photo of polygonal peat platea
Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea
What makes tea so good What makes tea so good
Patient health history form Cont. Patient health history form Cont.
Physical Fitness Profile Form. Physical Fitness Profile Form.
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library