In a typical cartel agreement, the cartel maximizes profit when ...

[kfurse]

In a typical cartel agreement, the cartel maximizes profit when it:
 a. behaves as a duopolist.
 b. is flexible in enforcing production targets.
  c. behaves as a monopolist.
 d. behaves as a perfectly competitive firm.

Question 2

_____ is the price paid by the insured to sell the risk to the insurer, which must cover the expected payout if a disaster occurs.
 a. Insurance interest
  b. Insurance coverage
  c. Insurance bonus
  d. Insurance premium

[popopong]

Answer to Question 1

c

Answer to Question 2

D

[kfurse]

TYSM

[Mochi]

Thanks for the timely response, appreciate it