An oligopoly model that describes formal collusion is the
a. kinked demand curve model
b. cartel model
c. cost-plus pricing model
d. game theory model
e. horizontal merger model
B
Economics
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An externality occurs when
A) the costs of producing a good are paid entirely by the producer. B) some of the costs of producing a good are paid by someone other than the producer. C) the marginal social cost of an activity increases as that activity is increased. D) Both answers A and C are correct.
Economics
Economic growth can be measured by:
(a) The Consumer Price Index; (b) The National Household Quarterly Survey; (c) Gross Domestic Product; (d) Marginal Propensity to Consume.
Economics