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

Author Question: A cartel: a. is a group of firms formally agreeing to control the price and the output of a ... (Read 87 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
A cartel:
 a. is a group of firms formally agreeing to control the price and the output of a product.
  b. has as its primary goal to reap monopoly profits by replacing competition with cooperation.
  c. is illegal in the United States, but not in other nations.
  d. all of these.

Question 2

Which of the following is true about average fixed cost?
 a. Average fixed cost has a U-shape, and marginal cost crosses average fixed cost at its minimum point.
  b. Average fixed cost does not vary as output increases.
  c. Average fixed cost is the difference between marginal cost and average total cost.
  d. Average fixed cost is total fixed cost divided by the quantity of output produced, and it declines steadily as output increases.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


CQXA

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Wow, this really help

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Hormonal control of insect development. Hormonal control of insect development.
This 11-month old girl demonstrates one of the abilites of a child of this age group - creating a to This 11-month old girl demonstrates one of the abilites of a child of this age group - creating a to
Urine output. Urine output.
A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ... A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ...
Hormonal control over male and female reproductive hormones Hormonal control over male and female reproductive hormones
Group Performance Group Performance
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library