Author Question: Under which of the following market conditions is it most difficult to maintain a cartel agreement? ... (Read 63 times)

nelaaney · **on:** Jun 30, 2018

Under which of the following market conditions is it most difficult to maintain a cartel agreement?
a. There are many firms in the industry and these firms have similar costs.
b. There are many firms in the industry and these firms have different costs.
c. There are few firms in the industry and these firms have similar costs.
d. There are few firms in the industry and these firms have different costs.
e. There are many firms in the industry and these firms produce homogeneous products.

Question 2

Which of the following activities would be considered tax avoidance?
a. increasing your level of charitable contributions in December
b. selling illegal drugs on the street
c. underestimating your income that is subject to taxation
d. failure of a waitress to report all tips earned on the job
e. buying a house and neglecting to deduct interest payments