Which of the Following Is Correct? When Oligopolies Collude

question 288

Multiple Choice

Which of the following is correct? When oligopolies collude

• A)they make higher profits and consumers of the product are better off.
• B)they make higher profits but consumers of the product are worse off.
• C)they make lower profits and consumers of the product are better off.
• D)they make lower profits and consumers of the product are worse off.

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Definitions:

Deposit Slip

A document provided by a bank for a depositor to fill out, detailing a deposit transaction's specifics such as date and amount.

Net Deposit

The total amount of money deposited in an account after all deductions, charges, or withdrawals have been subtracted.

Check Register

A record maintained by the account holder documenting checks written, deposits made, and the current balance of a checking account.

Cash Balance

The total amount of money in the form of cash or cash equivalents that a company or an individual possesses at a given time.