Author Question: When producers agree to restrict output, raise the price, and increase profits, the agreement is ... (Read 54 times)

melina_rosy · **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