All of the following are conditions which are favorable to the formation of cartels except
A) the existence of a small number of firms.
B) geographic proximity of firms.
C) homogeneity of the product.
D) easy entry into the industry.
D
Economics
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________ increases the quantity of real GDP supplied and is shown as a movement along the AS curve
A) An increase in potential GDP B) A decrease in the quantity of money C) A rise in the price level D) A decrease in consumption expenditure E) A fall in the expected rate of profit
Economics
A trend is
A) a measure of closeness on a scatter diagram. B) a general tendency for a variable to rise or fall. C) the maximum value of a variable. D) the minimum value of a variable. E) the difference between the maximum value of a variable and the minimum value of the variable.
Economics