The firms in an oligopoly market structure agree to collude because:
a. it helps them to earn more profits.
b. each firm wants to know the strategy of its rivals.
c. each firm wants to charge a lower price for its product than its rivals.
d. the firms want to maintain a healthy relationship with each other.
e. it helps them to enjoy economies of scale.
a
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From the economic point of view, why might a retired couple spend four hours a day on the golf course when they could have spent their time becoming better informed about their elected representative in Congress?
A) They are going to die soon so it really doesn't matter. B) They must love golf and hate politics. C) The congressperson must have wronged them. D) They consider golfing a more productive use of their time.
The principal cause of the housing cycle is natural disaster, such as Midwest floods and California earthquakes
Indicate whether the statement is true or false