Implicit collusion occurs when oligopolistic firms negotiate a common price.
Answer the following statement true (T) or false (F)
False
Implicit collusion involves no explicit communication between firms.
Economics
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As a firm hires more labor in the short run, the
A) level of total product stays constant. B) output per worker rises. C) extra output of an additional worker may rise at first, but eventually must fall. D) costs of production are increasing at a fixed rate per unit of output.
Economics
NIPA data
A. are revised many times. B. are revised twice. C. are never revised. D. are revised once.
Economics