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Author Question: Collusion occurs when a. a firm chooses a level of output to maximize its own profit b. firms get ... (Read 109 times)

tingc95

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on: Jun 30, 2018
Collusion occurs when
 a. a firm chooses a level of output to maximize its own profit
  b. firms get together to maximize joint profits
  c. firms refuse to follow their price leaders
  d. firms petition their U.S. senators for favors
  e. two firms' price and output decisions come into conflict

Question 2

Suppose you want to buy a boat, but you know that interest paid on a boat loan is not tax deductible. Therefore, you take out a home equity loan, the interest on which is still tax deductible. This procedure is an example of
 a. illegal tax avoidance
  b. illegal tax evasion
  c. legal tax avoidance
  d. legal tax evasion
  e. the answer cannot be determined from the information given


ansleighelindsey

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

B

Answer to Question 2

C


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