Cartels usually succumb to divisive forces caused by
a. limited information.
b. members cheating by giving secret discounts.
c. entry by new rivals seeking profits.
d. insufficient profits compared to independent operations.
b
Economics
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In the figure above, what is Gap's economic profit?
A) zero B) $5,000 C) -$5,000 D) -$1,160
Economics
Which of the following risks cannot be hedged by an insurance?
a. Exports damaged during shipment b. Theft during movement of goods c. An electrical fire at a warehouse d. Decreased sales resulting from poor salesmanship
Economics