A cartel is a group of firms that ________ to make price and output decisions.
A. implicitly colludes
B. are unable
C. act independently
D. explicitly colludes
Answer: D
Economics
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Which statement best characterizes the classical economists' view of saving and investment?
A) Saving exceeds investment. B) Saving is less than investment. C) Saving equals investment. D) Saving and investment are not related to one another.
Economics
What does it mean to internalize an externality?
What will be an ideal response?
Economics