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Author Question: You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. ... (Read 102 times)

sammy

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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
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Marked as best answer by sammy on Apr 19, 2019

firehawk60

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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.
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sammy

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

Kedrick2014

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

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