Collusion Results When a Group of Firms

question 42

Multiple Choice

Collusion results when a group of firms
i.act separately to limit output,lower prices,and decrease economic profits.
ii.act together to limit output,raise prices,and increase economic profits.
iii.in the United States legally fix prices.

• A) i only
• B) ii only
• C) iii only
• D) i and iii
• E) ii and iii

---

Definitions:

Environmental Awards

Recognitions given to individuals, organizations, or businesses for significant contributions to the preservation and sustainability of the environment.

EPA Fine

Penalties imposed by the Environmental Protection Agency for violations of environmental laws and regulations.

Litigation

The process of taking legal action in court to resolve disputes between parties.

Quick Ratio

A liquidity ratio that measures a company's ability to meet short-term obligations with its most liquid assets, calculated as (Cash + Marketable Securities + Receivables) / Current Liabilities.