Author Question: A cartel is an agreement A) among firms to flood the market and eliminate competition. B) among ... (Read 46 times)

genevieve1028 · **on:** Jun 29, 2018

A cartel is an agreement

A) among firms to flood the market and eliminate competition.
B) among firms to steal industrial processes from rival firms.
C) among firms to decrease output and raise price.
D) by the government to restrict imports.

Question 2

A single-price monopolist will find when it produces its profit-maximizing amount of output that

A) price exceeds marginal revenue.
B) price exceeds marginal cost.
C) marginal revenue equals marginal cost.
D) All of the above occur at the profit-maximizing output level.