Some market conditions make cartels MORE likely to succeed in collusion. Which of the following will make collusion more successful?
a. The products are heterogeneous
b. The orders are small and frequent
c. The firms are all about the same size
d. Costs differ across the firms
e. Firms are geographically widely scattered
b
Economics
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Which of the following are included in interest income? i. payments made for the use of land ii. income paid to households for loans they make iii. payments made by households for their borrowing
A) i, ii and iii B) ii and iii only C) i and ii only D) ii only E) iii only
Economics
After the Civil War, the National Banking Acts gave the federal government the power to do all of the following except _____.
(A) Require banks to hold adequate gold and silver. (B) Charter banks. (C) Insure banks against failure. (D) Have a single national currency.
Economics