________ occurs when price- and quantity-fixing agreements among producers are implicit.

A. A price-leadership model
B. Tacit collusion
C. A Cournot model
D. A monopoly

Answer: B

Economics

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The concept of poverty is culturally determined, and hence people are defined as "poor" in relation to others

a. True b. False Indicate whether the statement is true or false

Economics

Each of the following is a goal of the federal government except

A. fostering competition. B. price stability. C. low unemployment. D. expanding government ownership.

Economics