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Author Question: Prices under an ideal cartel situation will be equal to A) monopoly prices. B) competitive ... (Read 154 times)

Pea0909berry

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on: Jul 1, 2018
Prices under an ideal cartel situation will be equal to
 
  A) monopoly prices.
  B) competitive prices.
  C) prices under monopolistic competition.
  D) marginal cost.

Question 2

Which of the following cannot be determined on the basis of the above regression results?
 
  A) the degree of price elasticity of good B
  B) whether or not good A is normal
  C) the degree of competition between A and B
  D) All of the above can be determined.


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Sarahjh

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

A

Answer to Question 2

A


Pea0909berry

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bitingbit

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

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