Price leadership, collusion, and cartels are the three practices of oligopolies that concern the government the most
<u>Explanation:</u>
Oligopolies can informally provide collusive agreements, fix prices together, and operate similarly to a cartel, which allows them to price goods and services like a monopolist. Oligopolies are defined by one firm’s confidence in other firms within the industry.
- Price leadership - The step taken by a head in an oligopolistic industry to manage prices for the entire industry.
- collude - To act in concert with; to conspire.
- Cartel - A group of businesses or nations that collude explicitly to limit competition within an industry or market.
Answer:
B) Demand greatly decreases.
Explanation:
The problem during a recession is that as the economy slows down, people lose jobs or are less able to earn money. This means they can't buy as many things or spend as much money. When people have less money to spend, they are unlikely to make large purchases, like a new home. With fewer people buying homes, demand for homes decreases, meaning there are not as many buyers for the homes, so more homes are left on the market for a longer time. This will eventually mean that there are a lot of homes on the market and sellers lower the prices of the homes to compete.