In what type of market is a cartel possible?
A) a market in which there are only a few firms and barriers to entry exist
B) a market in which firms sell a homogeneous good
C) a market in which firms sell a differentiated good
D) a market in which there are many firms
A
Economics
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Suppose the current level of output is 5000. A 10% increase in productivity would increase the current level of output to
A) 5050. B) 5100. C) 5500. D) 6000.
Economics
The aggregate expenditure curve tells how much market participants desire to spend at different income levels.
Answer the following statement true (T) or false (F)
Economics