This topic contains a solution. Click here to go to the answer

Author Question: Collusion occurs when firms ________. A) charge a price equal to their marginal cost of ... (Read 116 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
Collusion occurs when firms ________.
 
  A) charge a price equal to their marginal cost of production
  B) conspire to set the quantity they produce or the prices they charge
  C) compete with each other by setting a price slightly lower than the rival's price
  D) compete with each other by differentiating their products

Question 2

Firms are not likely to include their sunk costs when calculating their true cost of supplying goods if they
 
  A) are calculating their income for tax purposes.
  B) have been accused by competitors of dumping.
  C) have been accused by customers of price gouging.
  D) must request price increases from a regulatory commission.
  E) want subsidies from the government.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

B

Answer to Question 2

B




vicky

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

For a complete list of videos, visit our video library