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 40 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
:D TYSM

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

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

Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg
A blood smear. The smear reveals representative cells from each formed element group: red blood cell A blood smear. The smear reveals representative cells from each formed element group: red blood cell
Feedback control of the adrenal cortex. Feedback control of the adrenal cortex.
The major human endocrine glands and their central nervous system control centers The major human endocrine glands and their central nervous system control centers
Peer group activity of adolescents Peer group activity of adolescents
Crime Control in America: What Works?, 4th Edition Crime Control in America: What Works?, 4th Edition
Video: Hip Animation

For a complete list of videos, visit our video library