The term collusion best fits which of the following descriptions?

a. a condition of the industry that falls between the extremes of monopolistic and perfectly competitive
b. a situation in which many firms act as price-takers producing a homogenous good
c. the situation in which firms act together to behave like a monopoly by holding quantity low and price high
d. a condition of the industry in which many firms compete to sell similar but differentiated products

Alocation analysis has been narrowed down to two locations, akron and boston. the main factors in the decision will be the supply of raw materials, which has a weight of .50, transportation cost, which has a weight of .40, and labor cost, which has a weight of .10. the scores for raw materials, transportation, and labor are for akron 60, 80, and 70, respectively; for boston 70, 50, and 90, respectively. given this information and a minimum acceptable composite score of 75, we can say that the manager should:

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii

Which stage of group development involves members introducing themselves to each other?