When oligopolists secretly cooperate for their mutual benefit they are engaging in
a. inclusion
b. collusion
c. seclusion
d. exclusion
e. discrimination
B
Economics
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Classical economists believe that in the short run
A) money neutrality exists and prices adjust rapidly. B) money neutrality does not exist and prices adjust rapidly. C) money neutrality exists and prices do not adjust rapidly. D) money neutrality does not exist and prices do not adjust rapidly.
Economics
If the interest rate is 1 percent and a business pays $100,000 for a lease on a factory, the explicit costs are
A) $110,000. B) $100,000. C) $10,000. D) $90,000.
Economics