Business investment is usually more volatile than overall economic growth
Indicate whether the statement is true or false
TRUE
Economics
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Which of the following explains how a cartel with 100 percent control might raise price to monopoly-like levels?
a. By setting a group output level equal to a profit-maximizing monopolist, and then assigning binding quota shares to cartel members. b. By setting an official price that members can secretly undercut. c. By forbidding price competition, but allowing non-cooperative rivalry in output levels. d. None of the above.
Economics
How is a commercial bank different from a savings and loan association?
What will be an ideal response?
Economics