Which of the following types of markets would be the most likely to maintain a successful collusive agreement?
a. a market with many sellers, many buyers, unstable market demand, and privately negotiated prices
b. a market with few sellers, many buyers, stable market demand, and privately negotiated prices
c. a market with few sellers, many buyers, stable market demand, and publicized prices
d. a market with many sellers, few buyers, stable market demand, and privately negotiated prices
e. a market with few sellers, few buyers, unstable market demand, and publicized prices
C
You might also like to view...
Refer to the scenario above. Net exports of Lawland equal:
A) $680 billion. B) -$180 billion. C) -$210 billion. D) $1,820 billion.
The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $300 is imposed in the housing market, then
A) there would be a surplus of apartments. B) there would be a shortage of apartments. C) the market would reach equilibrium at the quantity of 60 housing units. D) the supply of housing would increase.