Collusion is most likely to occur in those oligopolies in which firms have vastly different cost structures

a. True
b. False

B

Economics

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Why aren’t the tools of product market analysis directly applicable to the resource market?

What will be an ideal response?

Economics

If a restaurant in an integrated community has an entirely white wait-staff, economists suggest it is

A. employers who must be reacting to bigoted consumers. B. either employers discriminating for their own purposes or doing so on behalf of their bigoted customers. C. the employer who must be the bigoted party. D. most likely to be due to random chance.

Economics