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Author Question: When producers agree to restrict output, raise the price, and increase profits, the agreement is ... (Read 93 times)

melina_rosy

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on: Jun 29, 2018
When producers agree to restrict output, raise the price, and increase profits, the agreement is called ________.
 
  A) a pricing agreement
  B) an oligopoly agreement
  C) a collusive agreement
  D) a monopoly agreement

Question 2

As a result of an increase in tariffs, imports decrease and government revenue increases.
 
  Indicate whether the statement is true or false


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epscape

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

C

Answer to Question 2

TRUE


melina_rosy

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Kedrick2014

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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