A formal agreement among the firms in an industry to coordinate their production and pricing decisions in order to earn monopoly profits is known as
a. price discrimination
b. the kinked demand curve
c. monopolistic competition
d. a cartel
e. joint competition
D
Economics
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The nation of Exland is considered a less-developed country and has the following characteristics. Which one is not typical of a less-developed country?
a. High illiteracy. b. High unemployment. c. Rapid growth of technology. d. Low growth in technology. e. Rapid population growth.
Economics
Which of the following countries is forbidden to impose export tariff by its constitution?
a. The United States b. Brazil c. United Kingdom d. Japan e. Mexico
Economics