Rent seeking is a way of earning profit without adding to the product’s value.

International financial flows changed in meaningful ways, and these changes were brought to the attention of policy makers by the Asian financial crisis. Describe three changes

What will be an ideal response?

Compared to a cartel, firms in a Cournot Oligopoly

A) make more joint profit. B) sell less output. C) make less joint profit. D) act independently.