_____ is (are) legal in the United States.
A. Covert collusion
B. Cut throat competition
C. Cartels
D. None of these choices are true.
B. Cut throat competition
Economics
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What is another term for equilibrium price?
a) balancing price b) market-clearing price c) constant price d) reservation price
Economics
Which of the following best illustrates the adverse selection problem?
A) a professional football team that consistently drafts poor players B) an economic agent who engages in risky behavior once a loan is received C) an individual who hides a pre-existing condition from a health insurer D) an individual who experiences a lost of income by not working while attending college
Economics