After participating members of a cartel form an agreement on common prices and output quotas, then an individual firm can increase its own profits by

A) increasing production.
B) increasing prices.
C) leaving the cartel.
D) incurring higher input costs.

Answer: A

Economics

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The Keynesians argue that even if the interest rate does __________ in response to a decrease in investment, there is __________ guarantee that spending will increase very much

A) increase; no B) increase; a C) decrease; no D) decrease; a

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If the world price of a good is greater than the domestic price in a country that can engage in international trade, then that country becomes an importer of that good

a. True b. False Indicate whether the statement is true or false

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