« previous next »

Author Question: A successful and stable cartel can be established if there are A) many firms producing a storable ... (Read 41 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
A successful and stable cartel can be established if there are
 
  A) many firms producing a storable product.
  B) many firms producing a perishable product.
  C) a few firms producing a storable product.
  D) a few firms producing a perishable product.

Question 2

Under perfect competition
 
  A) information about prices is hard to obtain.
  B) there is a maximum number of firms that can enter the market.
  C) if a firm exits the market, price will rise.
  D) transaction costs are low.


patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test
Lunokhod 1 (lit. moonwalker), the first successful space rover. Lunokhod 1 (lit. moonwalker), the first successful space rover.
Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc
Moderate to high physical activity in PE classes is one component of a successful prevention effort ... Moderate to high physical activity in PE classes is one component of a successful prevention effort ...
Extremely Stable Air: Inversions Extremely Stable Air: Inversions
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
Video: Sickle Cell Anemia

For a complete list of videos, visit our video library