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  Along any major street in a large city, prices for regular…

  Along any major street in a large city, prices for regular unleaded gasoline are very similar. The similarity of prices does not occur because of collusion; it results when one carrier sets a fare, and the other carriers feel compelled to match it. This is an example of  

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  X has a comparative advantage over Y in producing a good i…

  X has a comparative advantage over Y in producing a good if  

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  If a firm is expanding and needs to hire more workers, the…

  If a firm is expanding and needs to hire more workers, the __________ curve for labor in the surrounding area will shift __________ causing the equilibrium wage to __________ and the equilibrium quantity of workers to __________.  

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  The Organization of Petroleum Exporting Countries (OPEC) i…

  The Organization of Petroleum Exporting Countries (OPEC) is considered a cartel by economists because the  

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  The practice of setting prices deliberately below average…

  The practice of setting prices deliberately below average variable costs to put a rival out of business is known as  

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  A fundamental decision on hours worked faced by workers is…

  A fundamental decision on hours worked faced by workers is called  

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  Which of the following have greater incentives to collude…

  Which of the following have greater incentives to collude and to form cartels in an effort to achieve monopoly-like profits?  

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Which of these is not a breach of the peace?

Which of these is not a breach of the peace?

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Abandonment may be a valid defense to an attempt charge if

Abandonment may be a valid defense to an attempt charge if

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An officer may order any group to disperse, regardless of th…

An officer may order any group to disperse, regardless of their activity.

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