Refer to the table above. The farmer increased his total production of corn by 9 bushels per acre after applying

In the figure above, households

A) receive transfers directly from governments. B) buy goods and services from governments in goods markets. C) receive transfers from governments through factor markets. D) sell factors of production to governments. E) pay taxes to governments through factor markets.

The firms in a market have decided not to compete with one another and have agreed to limit output and raise price

A) This practice is known as concentrating and is legal in the United States and Canada. B) This practice is known as collusion and is illegal in the United States. C) In this way firms take advantage of economies of scale. D) This is an effective barrier to entry, but is illegal in the United States.