This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: With barriers to the entry of new firms A) a cartel is guaranteed to earn an economic profit ... (Read 62 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Excellent

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
Forest products and the economic value Forest products and the economic value
economic question economic question
economic question economic question
economic question economic question
Locate the following places by reference number on the map:Key Locales of Political, Economic, ... Locate the following places by reference number on the map:Key Locales of Political, Economic, ...
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library