Cartel members have a collective interest in ____ industry output ...

[jazziefee]

Cartel members have a collective interest in ____ industry output and a private interest in ____ their own output.
 a. increasing; increasing
  b. increasing; decreasing
  c. decreasing; increasing
  d. decreasing; decreasing

Question 2

Suppose a fashion designer wins a bid to design clothes for the characters of a movie. During his work he finds out that the payment he receives would not only cover his production costs but also earn him profits. The producer of the movie can be said to be facing a winner's curse.
  Indicate whether the statement is true or false

[canderson530]

Answer to Question 1

c

Answer to Question 2

F

[jazziefee]

Thank you

[canderson530]

No problemo