It has been observed that whenever one imported beer distributor raises its price, other imported beer distributors quickly raise their price as well. Such behavior is characteristic of:
A) the barometric-firm model of price leadership.
B) explicit collusion.
C) price leadership.
D) the kinked-demand curve model of oligopoly.
C
Economics
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A given sum of money received each year for a specific number of years is called a(n)
a. bond b. perpetuity c. debt d. discount e. annuity
Economics
If Microsoft merges with retail stores and computer makers, such that competition is substantially reduced, it would be in violation of the:
a. Clayton Act. b. Robinson-Patman Act. c. Sherman Antitrust Act. d. Federal Trade Commission Act. e. Celler-Kefauver Act.
Economics