This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. ... (Read 70 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Apr 19, 2019

Question 1

In an oligopolistic industry, the price firms charge and the quantity they produce would be the same as if the industry were a monopoly if


◦ the market is contestable.
◦ the oligopolists behave as Cournot assumed.
◦ one of the oligopolists acts as a dominant firm price leader.
◦ the oligopolists collude.

Question 2

You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. The cartel aims to raise the price of peanuts and reduce output to increase profits for the peanut growers. You predict that this cartel will probably


◦ not be successful because the number of firms is unmanageable and there are a number of good substitutes for peanuts.
◦ not be successful because there are too few firms that are trying to organize the cartel.
◦ be successful because the demand for peanuts is very elastic.
◦ be successful because it will be very easy to enforce the rules among only 25 firms.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sammy on Apr 19, 2019

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


sammy

  • Member
  • Posts: 818
Reply 2 on: Apr 19, 2019
Gracias!

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
Formation of heterogeneous ribonucleoprotein particles (hnRNPs) and export of mR Formation of heterogeneous ribonucleoprotein particles (hnRNPs) and export of mR
Cartoon of Uncle Sam teaching states in Puck Cartoon of Uncle Sam teaching states in Puck
W-4 form used by employees to request IRS withholding. W-4 form used by employees to request IRS withholding.
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
How to visualize division in the Odds form of Bayes's Theorem? How to visualize division in the Odds form of Bayes's Theorem?
Video: Central Nervous System Animation

For a complete list of videos, visit our video library