The cartel consisting of Firm A and Firm B can become unstable if:
a. Firm A manages to enhance the quality of its product.
b. both the firm sell homogeneous products
c. Firm B decides to decrease its output.
d. both firms decide to decrease industry output.
a
Economics
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In the table above, what inflation rate belongs in space E?
A) 17.0 percent B) 6.8 percent C) 8.3 percent D) 15.4 percent
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An efficiency wage is ________ and results in ________
A) equal to the equilibrium wage; full employment B) above the equilibrium wage; a surplus of labor C) below the equilibrium wage; a shortage of labor D) above or below the equilibrium wage; a surplus or shortage of labor
Economics