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Author Question: A cartel's profit-maximizing quantity occurs where the cartel's a. marginal cost equals marginal ... (Read 71 times)

nummyann

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A cartel's profit-maximizing quantity occurs where the cartel's
 a. marginal cost equals marginal revenue
  b. marginal cost equals demand
  c. price is highest
  d. cost is lowest
  e. demand curve has a kink

Question 2

Legal attempts to arrange one's financial decisions so as to pay the least tax possible are known as
 a. tax evasion
  b. logrolling
  c. tax avoidance
  d. rent seeking
  e. underreporting



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fatboyy09

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Answer to Question 1

A

Answer to Question 2

C




nummyann

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


carlsona147

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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