A group of producers that agree to coordinate their production is called a

A) cartel.
B) monopoly.
C) free market competition.
D) vertical merger.

A

Economics

You might also like to view...

Tastes for products such as beer differ. As a result

A) consumers of beer have difficulty deciding what type of imported beer to buy. B) the quality of imported beer is less than it could be. C) we see countries specializing completely in the production of beer. D) different countries may each have a comparative advantage in producing different types of beer.

Economics

Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower

Economics