Which of the following is evidence of an ineffective cartel?
a. Output changes are dictated by changes in demand.
b. Price changes are dictated by changes in demand.
c. Members do not agree on output quotas.
d. All of these.
d
Economics
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Refer to the figure above. What is the producer surplus after Barylia opens up to free trade?
A) $225 B) $550 C) $750 D) $900
Economics
If you have trouble finding a job because of a slowdown in the overall economy, we would say that you are
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.
Economics