By agreeing to cooperate and abide by joint decisions, cartels most often
a. increase concentration ratios
b. increase the market share of member firms
c. increase the efficiency of production
d. behave like a monopolist
e. appear oligopolistic
D
Economics
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People who "sell short" are selling goods
A) at below-market prices. B) of poor quality. C) to purchasers who cannot afford to pay for them. D) they do not yet own. E) with the expectation of buying them back again.
Economics
Cartel models are most like
a. duopoly b. monopoly c. kinked demand d. monopolistic competition e. price leadership
Economics