If three firms of similar sizes join to form a cartel, then it is most likely that
A) they will charge a common, higher market price.
B) they will collectively produce more than before.
C) all three firms will stop producing.
D) all three firms will earn zero profits.
A
Economics
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A private good is
A) a good that is rival and excludable. B) a good that is rival and nonexcludable. C) a good that is nonrival and excludable. D) a good that is nonrival and nonexcludable.
Economics
An appreciation of the U.S. dollar would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Economics