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Author Question: With barriers to the entry of new firms A) a cartel is guaranteed to earn an economic profit ... (Read 138 times)

Engineer

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on: Jun 29, 2018
With barriers to the entry of new firms
 
  A) a cartel is guaranteed to earn an economic profit greater than zero.
  B) a cartel's members have no incentive to cheat.
  C) the cartel will likely earn an economic profit greater than zero.
  D) industry supply will expand if the firms form a cartel.

Question 2

In the above figure, the slope across the arc between a and b is
 
  A) 2/5.
  B) 1.
  C) 3/2.
  D) 5/2.


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Rilsmarie951

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Engineer

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

TheDev123

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Reply 3 on: Yesterday
Excellent

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