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Author Question: If a cartel seeks to maximize profits, the market share (or quota) for each firm should be set at a ... (Read 117 times)

shenderson6

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on: Jul 1, 2018
If a cartel seeks to maximize profits, the market share (or quota) for each firm should be set at a level such that the ____ of all firms is identical.
 a. average total cost
  b. average profit
  c. marginal profit
  d. marginal cost
  e. marginal revenue

Question 2

It is illegal for business to price discriminate when selling goods to other businesses unless
 a. Price discounts are cost-justified
  b. Discounts are offered to meet competitors' price
  c. Both a and b
  d. It is not illegal for businesses to price discriminate


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tjayeee

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


shenderson6

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

ricroger

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Reply 3 on: Yesterday
Wow, this really help

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