If a cartel can earn a profit, it will increase production as ...

[plus1]

If a cartel can earn a profit, it will increase production as long as
 a. MR > MC
  b. MR > ATC
  c. MC > MR
  d. MR < AR
  e. MR > AVC

Question 2

Officials have estimated the size of the U.S. underground economy to be approximately
 a. 6 to 8 percent of GDP
  b. about 5 trillion
  c. 50 percent of GDP
  d. 60-80 billion
  e. about 1 trillion

[isabelt_18]

Answer to Question 1

A

Answer to Question 2

E

[plus1]

Thanks for the timely response, appreciate it

[miss_1456@hotmail.com]

YES! Correct, THANKS for helping me on my review