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Author Question: A cartel is defined to be A) any oligopolistic industry with fewer than 4 firms. B) a form of ... (Read 92 times)

penza

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on: Jul 1, 2018
A cartel is defined to be
 
  A) any oligopolistic industry with fewer than 4 firms.
  B) a form of oligopoly in which firms agree to sell at different prices like in monopolistic competition.
  C) a form of oligopoly in which firms formally agree to establish a common strategy, often a common price, in effect acting like a monopoly.
  D) a form of oligopoly in which firms agree to compete with each other on an equal basis.

Question 2

Social Security is paid for by an earmarked payroll tax.
 
  a. True b. False


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mcabuhat

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

a


penza

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Reply #2 on: Jul 1, 2018
Thank you :)


mcabuhat

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Reply #3 on: Jul 1, 2018
Happy to help you


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