Using the above table, the market clearing price for this product is

A group of firms that has entered into an agreement to restrict output and increase prices and profits is called

A) a compliance. B) a cartel. C) an oligopoly. D) a duopoly. E) a multi-firm monopoly.

The distribution of U.S. income is not bell-shaped because

A) there are more households with incomes below the mean income than above the mean income. B) there are more households with incomes above the mean income than below the mean income. C) the mode income equals the mean income. D) the income distribution is bell shaped.