Price leadership is an example of explicit collusion by oligopolies
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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At a competitive equilibrium, if there are no taxes, subsidies, price regulations, quantity regulations, or externalities,
A) the marginal benefit is greater than the marginal cost. B) resource use is efficient. C) the marginal benefit is less than the marginal cost. D) both the marginal benefit and the marginal cost of the last unit produced equal zero. E) the marginal benefit is greater than the marginal cost by as much as possible.
Economics
In equilibrium, what determines the price of capital and what determines the price of natural resources?
What will be an ideal response?
Economics