The position of a cartel will become weaker if there is ________ excess-capacity among the firms belonging to the cartel

A regressive tax is a tax for which people with lower incomes

A) pay the same percentage of their incomes in tax as do people with higher incomes. B) do not have to pay unless their incomes exceeds a certain amount. C) pay a lower percentage of their incomes in tax than do people with higher incomes. D) pay a higher percentage of their incomes in tax than do people with higher incomes.

A price restriction that tells suppliers the minimum price they can sell their goods for is also known as

A) a price ceiling. B) a quota. C) a price floor. D) deadweight loss.