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

Author Question: A cartel's profit-maximizing price is a. on the demand curve at the quantity where marginal cost ... (Read 105 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
A cartel's profit-maximizing price is
 a. on the demand curve at the quantity where marginal cost equals marginal revenue
  b. on the demand curve where it intersects its marginal cost curve
  c. the highest price possible
  d. determined by using the cost-plus pricing model
  e. where the kink in the demand curve occurs

Question 2

Filing a fraudulent income tax return that understates income or overstates deductions is known as
 a. tax evasion
  b. logrolling
  c. tax avoidance
  d. rent seeking
  e. profiteering


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library