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1 Which of following is an example of a cartel?


Which of following is an example of a cartel?

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A.)automotive industry

B.)health care industry

C.)airline industry



Perfectly competitive market structures have an incentive to enter or exit the market in the long run




When firms set diffrent prices for the same goods or services this is an example of price DISCRIMINATION?




For substitute goods is the cross price elasticity is:

A.) A positive value

B.) equal to one

C.) a negative value

D.) not enough information is given


A perfectly competitive market structure faces:

A.) A price floor

B.) market shortage

C.) A price ceiling

D.) market surplus


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