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Author Question: A cartel usually has a collusive agreement to A) restrict output. B) boost output. C) lower the ... (Read 59 times)

audragclark

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on: Jun 29, 2018
A cartel usually has a collusive agreement to
 
  A) restrict output.
  B) boost output.
  C) lower the price.
  D) increase the number of firms in the industry.

Question 2

A firm has fixed costs
 
  A) in the short run and in the long run.
  B) in the short run but not in the long run.
  C) in the long run but not in the short run.
  D) neither in the long run nor in the short run.


dreamfighter72

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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audragclark

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Reply #2 on: Jun 29, 2018
Thank you :)


dreamfighter72

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Reply #3 on: Jun 29, 2018
Happy to help you


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