With barriers to the entry of new firms A) a cartel is ...

[Engineer]

With barriers to the entry of new firms
 
  A) a cartel is guaranteed to earn an economic profit greater than zero.
  B) a cartel's members have no incentive to cheat.
  C) the cartel will likely earn an economic profit greater than zero.
  D) industry supply will expand if the firms form a cartel.

Question 2

In the above figure, the slope across the arc between a and b is
 
  A) 2/5.
  B) 1.
  C) 3/2.
  D) 5/2.

[Rilsmarie951]

Answer to Question 1

C

Answer to Question 2

D

[Engineer]

TYSM

[dyrone]

Thanks for the timely response, appreciate it