The primary reason the federal budgeting process changed in 1921 ...

[rmenurse]

The primary reason the federal budgeting process changed in 1921 was that _____.
 
  a. the level of government expenditures were increasing
  b. the President wanted more power
  c. federal agencies wanted less responsibility
   d. World War II forced the military to get involved

Question 2

Two identical firms that share a market and produce a homogenous good will find the Bertrand Oligopoly LEAST attractive because
 
  A) Cartels generate the highest joint profit.
  B) a Cournot Oligopoly will generate more profit than a Bertrand Oligopoly.
  C) they want to avoid a price war that leads to profit erosion and P = MC.
  D) All of the above.

[sultansheikh]

Answer to Question 1

a

Answer to Question 2

D

[rmenurse]

Correct answers!

[sultansheikh]

Great! Please up vote