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

Author Question: Economies of scale were initially seen between A) 1800 and 1840. B) 1970 and 1980. C) 1840 and ... (Read 136 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
on: Jun 30, 2018
Economies of scale were initially seen between
 A) 1800 and 1840.
  B) 1970 and 1980.
  C) 1840 and 1910.
  D) none of these choices.

Question 2

Why are successful collusive oligopolies rather short-lived?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IRincones

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

It is difficult for firms of different size with different production costs and estimates of demand conditions to reach a collusive agreement. Once an agreement is reached, there is a great temptation for firms to cheat on the agreement for private gain. By undercutting the cartel price and increasing production, a cheating member may be able to boost profits significantly. In practice, cartel agreements are difficult to enforce--particularly since they are illegal under U.S. antitrust laws (as well as the laws of many other countries.) In addition, entry by new firms, or even potential entry, can undermine collusive agreements.


fasfsadfdsfa

  • Member
  • Posts: 554
Reply 2 on: Jun 30, 2018
Excellent

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

A trilobite fragment (T) in a thin-section of an Ordovician limestone; E=echinoderm; scale bar is 2 A trilobite fragment (T) in a thin-section of an Ordovician limestone; E=echinoderm; scale bar is 2
After the Eruption of Mount St. Helens in 1980 After the Eruption of Mount St. Helens in 1980
Chuck Close, Stanley II, detail. 1980–81. Chuck Close, Stanley II, detail. 1980–81.
The growth of GHG emissions is greatest in the rapidly growing economies of India and China The growth of GHG emissions is greatest in the rapidly growing economies of India and China
AWG Scale and Ampacity AWG Scale and Ampacity
The pH scale and relationship between bicarbonate and carbonic acid The pH scale and relationship between bicarbonate and carbonic acid
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library