4 Which of the following are examples of collusion? Choose one or more: A. The two firms in a small rural town that employ most of the people in that area agree to keep wages low. B. The two leading cell phone manufacturers apply the same new technology, which increases productivity for both. C. All the gas stations along the Gulf coast increase their prices after a hurricane devastates communities near the water. D. Three major airlines meet to discuss pricing strategy and as a result prices for airplane tickets rise. E. The menu prices at restaurants in New Buffalo, Michigan, a small lakeside town, increase during the summer months and decline starting November 1.

4 Which of the following are examples of collusion? Choose one or more: A. The two firms in a small rural town that employ most of the people in that area agree to keep wages low. B. The two leading cell phone manufacturers apply the same new technology, which increases productivity for both. C. All the gas stations along the Gulf coast increase their prices after a hurricane devastates communities near the water. D. Three major airlines meet to discuss pricing strategy and as a result prices for airplane tickets rise. E. The menu prices at restaurants in New Buffalo, Michigan, a small lakeside town, increase during the summer months and decline starting November 1.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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