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

Author Question: To maximize cartel profit, the members must allocate output so that the marginal cost for the final ... (Read 40 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
To maximize cartel profit, the members must allocate output so that the marginal cost for the final unit produced by each firm is
 a. identical
  b. unequal
  c. negative
  d. equal to the firm's average total cost
  e. maximized

Question 2

Marginal external cost equals marginal private cost minus marginal social cost.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
Excellent

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Staff members often find it difficult to communicate with other coworkers. Staff members often find it difficult to communicate with other coworkers.
Typical Startup Cost Categories Typical Startup Cost Categories
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Cost of Going to School Cost of Going to School
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Polysaccharides

For a complete list of videos, visit our video library