The incentive to cheat within a cartel increases with an increase in the following factors, except:
A. The number of firms in the cartel
B. Economic performance and industry sales
C. The number of potential entrants into the industry
D. The cost-differences among firms
B. Economic performance and industry sales
Economics
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Who still has to economize?
A) The senior citizen who receives a 10% discount at the local coffee shop B) The day-after-Christmas shopper who enjoys sales of up to 70% on holiday merchandise C) Bill Gates D) All of the above. E) None of the above.
Economics
What has been the range of the decline in real output during recessions in the U.S. between 1950 and 2009?
A. -0.2 percent to -3.7 percent B. -5.1 percent to -9.8 percent C. -10.4 percent to -14.6 percent D. -15.0 percent to -19.9 percent
Economics