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Author Question: A cartel's profit-maximizing price is a. on the demand curve at the quantity where marginal cost ... (Read 55 times)

tsand2

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  • 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


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ngr69

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


tsand2

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

blakcmamba

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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