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Author Question: Collusive action among producers creates higher prices for consumers because it: a. causes ... (Read 40 times)

washai

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on: Jun 30, 2018
Collusive action among producers creates higher prices for consumers because it:
 a. causes overproduction and inefficiency.
  b. creates negative externalities.
  c. forces producers to be more competitive.
  d. allows producers to artificially restrict their supply.

Question 2

Which of the following is not a market failure?
 a. A lack of competition in some markets.
  b. Prices determined in competitive markets, which consumers, as individuals, have no control over.
  c. The presence of externalities in some markets.
  d. A lack of public goods desired by a majority of citizens.
  e. Income inequality.


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Tabitha_2016

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


washai

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Reply 2 on: Jun 30, 2018
:D TYSM

dawsa925

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Reply 3 on: Yesterday
Excellent

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