One of the fundamental problems a cartel faces is
A. to determine how much each producer will lower its profit.
B. to determine how much each producer will increase its output.
C. to determine how much each producer will decrease its output.
D. to determine how much each producer will lower it price.
Answer: C
Economics
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The mathematicians and economists who have been hired by Wall Street firms to build mathematical models to aid the pricing of derivatives are generally referred to as
A) speculators. B) hedgers. C) rocket scientists. D) market makers.
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Empirical evidence suggests that usury laws
A) help poor consumers by lowering the interest rate they pay. B) hurt poor consumers by limiting their ability to borrow. C) keep interest rates low. D) limit the amount borrowed by wealthier consumers.
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