A ________ is a formal organization of producers who agree on ...

[fahad]

A ________ is a formal organization of producers who agree on anticompetitive actions.
 
  A) duopoly
  B) cartel
  C) monopoly
  D) partnership

Question 2

Suppose the relative price of Ford F150 pickup trucks has risen over the past decade. Yet, even at the higher price, more F150 pickups have been sold. What would an economist conclude?
 
  A) The supply of F150 pickups is downward-sloping.
  B) The demand for F 150 pickups is upward-sloping.
  C) Buyers of F150 pickups are acting irrationally.
  D) All of the above are true.
  E) None of the above is true.

[lcapri7]

Answer to Question 1

B

Answer to Question 2

E

[fahad]

Thanks for the timely response, appreciate it

[blakcmamba]

Gracias!