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Author Question: In the above figure, the firm's total economic profit is equal to A) 60. B) 200. C) 150. D) MR ... (Read 49 times)

bclement10

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  • Posts: 560
on: Jun 29, 2018
In the above figure, the firm's total economic profit is equal to
 
  A) 60.
  B) 200.
  C) 150.
  D) MR - MC.

Question 2

________ is a group of firms that have colluded to limit their output and raise their price.
 
  A) A cartel
  B) An oligopoly
  C) A strategy
  D) A duopoly


GCabra

  • Sr. Member
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  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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