A successful cartel must divide the market among its members to prevent members'
A) marginal cost from exceeding their individual marginal revenues.
B) output from decreasing.
C) prices from rising above the cartel price.
D) selling costs from rising.
D
Economics
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If property rights for air and water exist, then polluters bear the costs of pollution
Indicate whether the statement is true or false
Economics
Suppose you like to make, from scratch, pies filled with banana cream and vanilla pudding. You notice that the price of bananas has increased. As a result, your demand for vanilla pudding would
a. decrease. b. increase. c. be unaffected. d. There is insufficient information given to answer the question.
Economics