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

Author Question: A highly profitable cartel arrangement among sellers contains the seeds of its own disintegration ... (Read 46 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
A highly profitable cartel arrangement among sellers contains the seeds of its own disintegration because
 
  A) a monopoly arrangement is more unstable than an oligopoly arrangement.
  B) a price maintained above each cartel member's marginal cost is an incentive to offer secret price reductions to attract additional business.
  C) monopoly agreements will, in the long run, reduce net revenue to zero.
  D) net revenue for the cartel as a whole could be increased by producing at the level where marginal revenue equals marginal cost for each cartel member.
  E) the cartel members will have a strong incentive to reduce quality.

Question 2

Refer to the scenario above. What is the probability of picking a green ball from the box?
 
  A) 12.83
  B) 16.67
  C) 24.75
  D) 32.35


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Gracias!

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

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.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Diesel combustion occurs when fuel is injected into the hot, highly compressed air in the cylinder. Diesel combustion occurs when fuel is injected into the hot, highly compressed air in the cylinder.
Pour the injection system cleaning fluid into the open canister. Rubber gloves are highly ... Pour the injection system cleaning fluid into the open canister. Rubber gloves are highly ...
A highly sulfated glycosaminoglycan is heparin A highly sulfated glycosaminoglycan is heparin
Arrangement of Fascicles Arrangement of Fascicles
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library