A cartel
a. has one firm that acts as the price leader
b. is a group of firms engaged in price discrimination
c. acts like a monopoly
d. involves competition between rival firms
e. prices its output equal to marginal cost
C
Economics
You might also like to view...
Most of the world's water is used for
a. Agricultural purposes b. Manufacturing c. Cooling power plants d. Municipal supplies e. Factories
Economics
Some grocery stores are now offering customers coupons which entitle them to a discount on certain items on their next visit when they go through the check-out line. This practice is an example of:
A) intertemporal price discrimination. B) third-degree price discrimination. C) a two-part tariff. D) bundling. E) none of the above
Economics