Relative to a Competitively Organized Industry, Firms Acting Collusively Are

question 359

Multiple Choice

Relative to a competitively organized industry, firms acting collusively are more likely to produce

• A) more output; charge higher prices, and earn economic profits.
• B) less output, charge lower prices, and earn economic profits.
• C) less output, charge lower prices, and earn only a normal profit.
• D) less output, charge higher prices, and earn economic profit.

---

Definitions:

Voice Narration

An audio recording of a person’s voice overlaying or accompanying a visual presentation or video.

Separate File

A file stored independently from others, often used to organize data or to separate different types of information.

Present Online

Present Online refers to the sharing or broadcasting of live presentations, webinars, or meetings over the Internet, allowing remote participants to view and interact with the content.

Online Slide Show

A presentation of a series of slides on the internet, allowing access and viewing from different devices and locations.