Collusive Control Over Price May Permit Oligopolists to

question 50

Multiple Choice

Collusive control over price may permit oligopolists to

• A) use new technology,achieve economies of scale,and get government subsidies.
• B) achieve economies of scale,reduce costs,and prevent price cheating.
• C) increase product demand,increase product supply,and lower cost.
• D) reduce uncertainty,increase profit,and possibly limit entry of new firms.
• E) make the industry more competitive.

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Definitions:

Group Context

Refers to the environmental and dynamic variables that influence the behavior, attitudes, and effectiveness of a group's members.

Organization Teams

Groups within an organization that are formed around common goals, tasks, or responsibilities to achieve specific outcomes.

Quality Circles

Small groups of employees who meet regularly to solve problems and improve production in their area of work.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in a production process.