Which of the following businesses has elastic supply?

Which of the following helps in preventing firms in the U.S. from forming collusive agreements?

A) The low demand faced by colluding firms B) The antitrust policy of the government C) The high rate of corporate income taxes D) The low profit earned by firms after colluding

Give the basic symbolic equations for the mainstream view of the economy. Identify each symbol in the equation with a brief explanation. Using this equation, what is one major explanation for instability in the economy from a mainstream perspective?

What will be an ideal response?