« previous next »

Author Question: Refer to Table 14-8. If the two firms collude, is there an incentive for either to cheat on the ... (Read 42 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
Refer to Table 14-8. If the two firms collude, is there an incentive for either to cheat on the collusion agreement?
 
  A) Yes, but only Brawny Juice is in a position to gain by cheating.
  B) Yes, but only Power Fuel is in a position to gain by cheating.
  C) Yes, either firm can gain if it, alone, cheats.
  D) No, neither firm can gain by cheating.

Question 2

Which of the following statements regarding a firm's long-run average total cost (LRATC) curve and its short-run average total cost (SRATC) curve is true?
 
  A) The LRATC shows the lowest cost at which a firm is able to produce a given level of output when no inputs are fixed.
  B) The contribution of average fixed cost to LRATC is greater than its contribution to SRATC.
  C) The shape of the LRATC is affected by the law of diminishing returns.
  D) The SRATC, but not the LRATC, can be used by a firm's managers for planning.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Important Human Viral Table Important Human Viral Table
Periodic Table Periodic Table
Checklist for Choosing a Massage Table Checklist for Choosing a Massage Table
Walk around the head of the table to the left side and reach across to perform threecount stroking ... Walk around the head of the table to the left side and reach across to perform threecount stroking ...
table table
Letter Frequency Table Letter Frequency Table
Video: Coronary Heart Disease

For a complete list of videos, visit our video library