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Author Question: If a cartel can earn a profit, it will increase production as long as a. MR > MC b. MR > ATC ... (Read 45 times)

plus1

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on: Jun 30, 2018
If a cartel can earn a profit, it will increase production as long as
 a. MR > MC
  b. MR > ATC
  c. MC > MR
  d. MR < AR
  e. MR > AVC

Question 2

Officials have estimated the size of the U.S. underground economy to be approximately
 a. 6 to 8 percent of GDP
  b. about 5 trillion
  c. 50 percent of GDP
  d. 60-80 billion
  e. about 1 trillion


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isabelt_18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


plus1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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