A cartel is a(n)
a. form of explicit collusion in which the parties collectively behave like a monopoly
b. market that changes very little as firms enter and exit
c. implicit pricing scheme that does not involve explicit communication between the parties
d. form of nonprice competition
e. group of firms engaged in price discrimination
A
Economics
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The short-run supply curve of a perfect competitor is
A) its average variable cost curve. B) its marginal revenue curve. C) its entire marginal cost curve. D) its marginal cost curve equal to or above the minimum point on its average variable cost curve.
Economics
Both Keynesian and monetarist theories emphasize the potential of aggregate demand shifts to alter macro outcomes.
Answer the following statement true (T) or false (F)
Economics