Suppose the equilibrium price of bottled water has risen from $1.00 per bottle to $2.00 per bottle and the equilibrium quantity has increased. These changes are a result of a ________ shift of the ________ curve for bottled water

What is cost-plus pricing? Why do some firms use cost-plus pricing even when the firms' managers have the resources to devise a pricing strategy that would result in greater profits?

What will be an ideal response?

Requiring government agencies to report which company had the lowest bid for a government contract and the level of the bid,

A) can help a cartel enforce its agreement. B) can speed up the end of a cartel. C) may foster competition. D) may help a cartel to lower its price.