Due to the distortionary effects of inflation, capital investment may be reduced due to higher price levels

When a party to a transaction lacks relevant information:

A. they always make the deal blindly. B. they will not make the deal without complete information. C. they sometimes seek out information in ways that are not obvious. D. other parties will voluntarily share this information truthfully.

A major reason that firms form a cartel is to

A. enlarge the market share for each producer. B. maximize joint profits. C. reduce the elasticity of demand for the product. D. minimize the costs of production.