From the social perspective, a major criticism of oligopolies is that
A) successful collusion leads to a monopoly-like outcome.
B) price wars usually break out.
C) advertising hardly ever occurs.
D) cartels are unstable.
A
Economics
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There exists a strong ________ correlation between GDP per capita and ________
A) positive; child labor B) negative; life expectancy C) negative; child labor D) positive; unemployment rate
Economics
Assume that the economy is in equilibrium when the real interest rate rises. Explain, step-by-step, how the components of expenditure adjust to bring the economy to its new equilibrium
What will be an ideal response?
Economics