« previous next »

Author Question: In an oligopoly with a collusive agreement, the total industry profits will be smallest when A) ... (Read 22 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
In an oligopoly with a collusive agreement, the total industry profits will be smallest when
 
  A) all firms comply with the agreement.
  B) one firm cheats on the agreement and the other firms do not cheat.
  C) all firms cheat on the agreement.
  D) the firms act as a monopoly.

Question 2

The figure above shows the demand and cost curves for a single-price monopoly. What level of output maximizes the firm's economic profit?
 
  A) 0 units
  B) 20 units
  C) 30 units
  D) 50 units


peilian

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

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Smallest Snake in the world Smallest Snake in the world
Selected Complications of Total Parenteral Nutrition Selected Complications of Total Parenteral Nutrition
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library