This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A cartel is defined to be A) any oligopolistic industry with fewer than 4 firms. B) a form of ... (Read 107 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

a


penza

  • Hero Member
  • *****
  • Posts: 1,022
Reply #2 on: Jul 1, 2018
Thank you :)


mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world. Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world.
Deity form of Varaha, Khajuraho, 12th C AD Deity form of Varaha, Khajuraho, 12th C AD
Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben
Responses to Viewing Form from Motion Responses to Viewing Form from Motion
How to quickly find the vertex of a quadratic equation that is in standard form How to quickly find the vertex of a quadratic equation that is in standard form
Competitive firms and maximization Competitive firms and maximization
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library