______is (are) legal in the United States. Covert collusion Cut throat competiti

Question

______is (are) legal in the United States. Covert collusion Cut throat competition Cartels None of these choices are true. Which statement is true? Collusion is most likely in industries with high concentration ratios. Collusion is most likely in industries with low concentration ratios. There is no relationship between the likelihood of collusion and the size of the concentration ratio. A Herfindahl-Hirschman Index of 10, 000 would mean there is (are) how many firm(s) in the industry? 1 10 1, 000 10, 000 Which statement is false? Growing automobile imports have made that industry's concentration ratio less relevant. The Japanese automobiles have reduced the concentration ratio in that industry. Most cars made in the United States are made by General Motors, Ford, and Chrysler. None of these statements are false. Which one of these firms would be an oligopolist? Proctor & Gamble A family farm A McDonald's restaurant in Manhattan The only dentist in Hendry County, Florida

Explanation / Answer

1.

B is the answer

cut throat competition is legal in the United States

as it promotes better and fair market efficiency and it is also legal in all countries almost.

we do first question as per Chegg rules

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