Suppose there are two firms maintaining a cartel agreement. If one firm suddenly drops its price, the other firm could interpret this as signaling:
A. underpricing.
B. limit pricing.
C. cartel pricing.
D. cooperative pricing.
Answer: A
Economics
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Of the following, the federal government's largest source of revenue is the
A) sales tax. B) property tax. C) corporate income tax. D) Social Security tax. E) transfers from state and local governments.
Economics
Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A can make a maximum loan of
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
Economics