A cartel is: A group of oligopolistic firms that collude on a formal basis. A gr

Question

A cartel is: A group of oligopolistic firms that collude on a formal basis. A group of monopolistically competitive firms that collude formally Usually legal in the United States Often illegal in Europe Illegal almost everywhere maintaining a cartel agreement is easier when there are: Many firms that have similar costs. Many firms that have different costs Few firms that have similar costs Few firms that have different costs Few firms that produce differentiated products. The deregulation of the airlines has led to: Higher costs and higher prices. Lower costs and lower prices. Higher costs and lower prices. Lower costs and higher prices. Which of the following is the best example of a natural monopoly? Gold mining in the Colorado Rocky Mountains Filmmaking in Hollywood Water service to homes in Philadelphia Television broadcasting with the aid of satellite technology IBM As a result of ICC regulation, the cost of shipping by truck: Decreased, so profits increased. Increased, so profits decreased. increased, but government subsidies ensured profitability. Increased, but tax loopholes ensured profitability. increased, with the truckers' ability to fix price and restrict entry ensured higher profits. Cross subsidization in railroads refers to: The government's subsidizing unprofitable routes. The government's subsidizing the railroad industry from trucking revenues. Profitable railroad routes subsidizing unprofitable ones. Firms that own both trucks and railroads subsidizing railroads with trucking revenues. Railroads with unprofitable routes merging with railroads with more profitable routes.

Explanation / Answer

1.a

2.c

3.b

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.