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

Author Question: Cartels usually succumb to divisive forces caused by: a. stringent enforcement of a cartel ... (Read 44 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Cartels usually succumb to divisive forces caused by:
 a. stringent enforcement of a cartel agreement.
 b. the similarity of production costs across member firms.
  c. members cheating by giving secret discounts.
 d. insufficient profits compared to independent operations.

Question 2

Suppose the probability of a near-new car being good is 0.4 while its probability of being a lemon is 0.6 . If risk-neutral consumers are willing to pay 14,000 if the car is in good condition and 8,000 if it is a lemon, a risk averse buyer who knows those probabilities would be willing to pay 10,400 for the car.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

F


oliviahorn72

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Wow, this really help

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

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?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

European Rabbit in Shropshire, England, infected with myxomatosis, a disease caused by the Myxoma vi European Rabbit in Shropshire, England, infected with myxomatosis, a disease caused by the Myxoma vi
Spinal changes caused by osteoporosis. Spinal changes caused by osteoporosis.
Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
Blisters caused by HSV-1. Blisters caused by HSV-1.
Crown gall disease caused by Agrobacterium via plant transformation Crown gall disease caused by Agrobacterium via plant transformation
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library