Explanation: Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost) New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.
These two researcher obligations, wherein the researchers make sure that the participants are told about the true nature of the study before they leave and they must make sure that the participants do not feel bad about their behavior, are referred to as debriefing and protection from harm.
Answer:
Reducing trade barriers
Explanation:
<u>If governments choose protectionism, they harm citizens who could benefit from the products, services or jobs offered by foreign companies.</u>
If, for example, the “A” government sets <em>tariffs to protect the domestic market</em>, the “B” government <em>could respond with tariffs in retaliation</em>, which would result in both countries being harmed. So, the problem of trade warfare is still represented by a “Prisoner's Dilemma” game because it says that two people, in this case, two governments, can decide not to cooperate even if it goes against the interest of both.
On the other hand, <em>unrestricted free trade could go against governments that develop trade policies based on national economic well-being.</em>
The game's equilibrium solution would be for both countries to opt to reduce their trade barriers through negotiations.
Answer:
Compromises
Explanation:
When different parties are working together in a legislative branches, they tend to be working against one another since each party tends to have a different idea regarding the proper way to manage the economy.
(For example, the Republicans tend to want to lower taxes for business to flourish, the democrats tend to want higher taxes for increasing government budget in welfare, etc)
Because of this, they often have to compromise with one another during the legislative process. Sometimes, one party will let another party win when Creating certain legislation and that other party will return the favor when they are discussing another type of legislation.
