« previous next »

Author Question: A cartel maximizes industry profit by: a. eliminating quotas. b. producing at the kink in its ... (Read 59 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
A cartel maximizes industry profit by:
 a. eliminating quotas.
  b. producing at the kink in its demand curve.
  c. producing where MR = MC.
  d. giving secret price concessions.
  e. producing more output than a monopoly would.

Question 2

Total fixed cost are costs that are fixed with respect to:
 a. the rate of output.
  b. time.
  c. technology.
  d. the minimum wage or price supports.


Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Natural Resources and Industry Natural Resources and Industry
Profit-maximizing Chart Profit-maximizing Chart
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
Industry is responsible for 21% of global greenhouse gas emissions Industry is responsible for 21% of global greenhouse gas emissions
Calculate the given limits eliminating zero denominator algebraicilly Calculate the given limits eliminating zero denominator algebraicilly
The Oil Industry: BOEM iron triangle The Oil Industry: BOEM iron triangle
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library