The amount of income households receive after personal income taxes have been paid is known as

A professional hockey franchise is trying to assemble a parcel of land to build an arena. There is one vacant warehouse on the land the franchise needs. In this case,

A) eminent domain will reduce transactions costs and make a pie-increasing arena possible. B) eminent domain will reduce the likelihood of holdouts and make a pie-increasing arena possible. C) eminent domain is not called for as the land can probably be acquired more efficiently through bargaining. D) Both A and B are correct.

In the United States, a collusive agreement to restrict output and increases prices is

A) legal. B) the key tool used by oligopolists. C) illegal. D) the key tool used by monopolistic competitors.