If five firms of similar sizes join to form a cartel, then it is most likely that
A) they will charge a common, lower market price.
B) they will collectively produce less than before.
C) all five firms will earn the same profits as before.
D) all five firms as a group will have falling profits, but increased output.
B
Economics
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For a government to add to the supply of loanable funds, it must
A) borrow. B) increase its investment demand. C) have a budget deficit. D) raise the real interest rate. E) have a budget surplus.
Economics
A carbon tax on fossil fuels is likely to cause the price of goods produced by firms that use fossil fuels to:
A. decrease. B. not change. C. increase. D. change, but in a way that cannot be determined.
Economics