Boeing and Airbus have entered into a cartel agreement that will enable them to boost their profits. What occurs if Boeing decides to cheat on the agreement?
i. Boeing lowers the price of its airplanes.
ii. The total industry output increases.
iii. The total profits in the airplane industry will decrease.
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
E
Economics
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The O-ring theory places emphasis on
a. education of the labor force. b. skill complementarities. c. purchases of machinery and equipment by firms. d. none of the above.
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The only way the standard of living of the average person in a country can increase is if ________ increases faster than ________
A) production; population B) population; GDP per capita C) population; production D) population; income
Economics