In an oligopoly, producers' agreements to restrict output tend to be unstable because each firm has an incentive to:
A. Produce more than its output quota
B. Lower both its price and its output
C. Raise its price above the cooperative price
D. Establish competitive price and output levels
A. Produce more than its output quota
Economics
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The demand curve faced by a perfectly competitive firm is
A) horizontal. B) vertical. C) downward sloping. D) upward sloping. E) U-shaped.
Economics
Everything else held constant, an increase in the time deposit ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
Economics