The $787-billion stimulus package enacted by the Federal government in 2009 to try to deal with the Great Recession was intended to:

Adverse selection and moral hazard are not problems associated with market transaction

Indicate whether the statement is true or false

A cartel is: a. a group of oligopolists who try to behave like a single monopolist and split the benefits among themselves. b. a government-approved organization for the exchange of technical information among firms

c. an industry trade group formed to lobby political leaders d. a regulated industry manufacturers association that is officially permitted to set the price of its product above long-run average total cost.