Collusion leads to higher prices for consumers and can increase profits for the firms involved.

What is a key characteristic of monopolistic competition?

According to Luther, the only way to receive the “Word of God” is through ______.

Erasmus taught that the true purpose of the Christian life was to _____ Christ.

Bonus from lecture notes.  The German peasants revolted in 1525 because they _____.

Editors’ introduction.  Unlike medieval theologians, Renaissance scholars did not assimilate the ideas and philosophies of classical authors into a Christian framework; rather they valued them for ______ .

Bonus from lecture notes.  With the Ninety-five Theses, Luther intended to launch a major reform of the entire Catholic Church.

If a prince wishes to remain in power, Machiavelli counseled that he must “learn how not to be ____.”

Bonus from lecture notes.  With the Ninety-five Theses, Luther intended to launch a major reform of the entire Catholic Church.

Machiavelli:  A ruler should abstain from abusing his subjects’ wives and from ______.