« previous next »

Author Question: A cartel maximizes industry profit by: a. eliminating quotas. b. producing at the kink in its ... (Read 73 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
A cartel maximizes industry profit by:
 a. eliminating quotas.
  b. producing at the kink in its demand curve.
  c. producing where MR = MC.
  d. giving secret price concessions.
  e. producing more output than a monopoly would.

Question 2

Total fixed cost are costs that are fixed with respect to:
 a. the rate of output.
  b. time.
  c. technology.
  d. the minimum wage or price supports.


Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 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?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and
The retrograde amnesia and anterograde amnesia associated with a concussion-producing blow to the ... The retrograde amnesia and anterograde amnesia associated with a concussion-producing blow to the ...
Natural Resources and Industry Natural Resources and Industry
Profit-maximizing Chart Profit-maximizing Chart
Industry is responsible for 21% of global greenhouse gas emissions Industry is responsible for 21% of global greenhouse gas emissions
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library