Collusion is:
A. legal in the United States.
B. more likely in industries with a large number of firms.
C. not possible when firms interact repeatedly forever.
D. None of the answers is correct.
Answer: D
Economics
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Which of the following would lead to a rightward movement along the aggregate expenditure line rather than a shift of the line itself?
a. A reduction of the marginal propensity to consume b. A decrease in income of $100 billion c. An increase in income of $50 billion d. An increase in the interest rate e. A $50 billion decrease in autonomous consumption spending
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A diagram is a good example of a(n)
a. hypothesis. b. abstraction. c. theory. d. concept. e. instrumentation.
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