Government failure means that government action reduces market ...

[mpobi80]

Government failure means that government action reduces market efficiency.
  Indicate whether the statement is true or false

Question 2

Cartels are thought to be inherently unstable because:
 a. the costs of enforcing cartel agreements are very low.
 b. each cartel member can privately profit from increasing production beyond agreed-upon levels.
  c. customers force cartel members to increase production and reduce prices.
 d. cartel agreements are legally binding and can be upheld in court.

[akudia]

Answer to Question 1

True

Answer to Question 2

b

[mpobi80]

Thanks for the timely response, appreciate it

[tandmlomax84]

Gracias!