The goal of a cartel is to
A) increase competition among members.
B) maximize industry profits.
C) increase industry production.
D) all of the above.
B
Economics
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The four-firm concentration ratio equals the percentage of the value of ________ accounted for by the four ________ firms in the industry
A) sales; smallest B) profits; smallest C) sales; largest D) profits; largest
Economics
A characteristic of an efficient market is that
A) prices are equal for all securities. B) bid-asked spreads are large. C) prices reflect all available information. D) all investors receive a positive rate of return.
Economics