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NEW QUESTION: 1
Most economists in the United States seem captivated by spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market.
A price that is determined by the seller or for that matter, established by anyone other than the aggregate of consumers seems pernicious, accordingly, it requires a major act of will to think of price - fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that requires, Modern industrial planning requires and rewards great size. Hence a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-markets economic theories. But each large firms will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Each large firm will thus avoid significant price cutting, because price cutting would be prejudicial to the common interest in a stable demand for products. Most economists do not see price-fixing when it occurs because they expect it to be brought about by a number of explicit agreements among large firms; it is not.
More over those economists who argue that allowing the free market to operate without interference is the most efficient method of establishing prices have not considered the economies of non socialist countries other than the United States. These economies employ intentional price-fixing usually in an overt fashion.
Formal price fixing by cartel and informal price fixing by agreements covering the members of an industry are common place. Were there something peculiarly efficient about the free market and inefficient about price fixing, the countries that have avoided the first and used the second would have suffered drastically in their economic development. There is no indication that they have.
Socialist industry also works within a frame work of controlled prices. In early 1970's, the Soviet Union began to give firms and industries some of the flexibility in adjusting prices that a more informal evolution has accorded the capitalist system. Economists in the United States have hailed the change as a return to the free market. But Soviet firms are no more subject to prices established by free market over which they exercise little influenced than are capitalist firms.
The primary purpose of the passage is to
A. suggest methods by which economist and members of the government of the United States can recognize and combat price-fixing by large firms.
B. refute the theory that the free market plays a useful role in the development of industrialized societies.
C. analysis of free markets in different economies
D. argue that price-fixing, in one form or another, is an inevitable part of and benefit to the economy of any industrialized society.
E. explain the various ways in which industrialized societies can fix in order to stabilized the free market
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
Cisco Discovery Protocolの利点はどれですか？
A. タイムスタンプを含む、収集されたデータに関するより詳細な情報を提供します
B. NetFlowコレクタを使用しているときにNetFlowによって収集されるネットワーク層データと結合します
C. 直接接続されたCiscoデバイスに関する情報を提供します
D. IEEE 802 1ab標準の一部
Answer: C
Explanation:
Explanation
Cisco Discovery Protocol (formerly known as CDP) is a Layer 2, media-independent, and network-independent protocol that runs on Cisco devices and enables networking applications to learn about directly connected devices nearby. This protocol facilitates the management of Cisco devices by discovering these devices, determining how they are configured, and allowing systems using different network-layer protocols to learn about each other.

NEW QUESTION: 3
A project is initiated to deliver a new version of an existing product. The customer is known for being dissatisfied with the products they receive During the planning meeting, the customer demands that attention be paid to a critical component, as the current version is unusable.
What should the project manager do?
A. Validate the requirements traceability matrix
B. Ensure that a detailed collection of requirements and delivery acceptance criteria are obtained
C. Document the customer's issues and fix them in the new version.
D. Refer to the stakeholder engagement plan to understand how to interact with this customer
Answer: B