Tacit collusion is more likely to occur when firms' costs ________ closely related and their products ________ close substitutes.
A) are not; are
B) are; are not
C) are not; are not
D) are; are
D) are; are
Economics
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Who among the following is the most likely to invest in human capital?
A) A person with a low rate of time preference B) A person with a high rate of time preference C) A person with no time preference D) None of the above.
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Rational behavior often involves ______.
a. anticipating the future b. reflecting on the past c. random acts d. a disregard of values
Economics