« previous next »

Author Question: A successful and stable cartel can be established if there are A) many firms producing a storable ... (Read 40 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
A successful and stable cartel can be established if there are
 
  A) many firms producing a storable product.
  B) many firms producing a perishable product.
  C) a few firms producing a storable product.
  D) a few firms producing a perishable product.

Question 2

Under perfect competition
 
  A) information about prices is hard to obtain.
  B) there is a maximum number of firms that can enter the market.
  C) if a firm exits the market, price will rise.
  D) transaction costs are low.


patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Successful biological control of leafy spurge. Successful biological control of leafy spurge.
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
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Extremely Stable Air: Inversions Extremely Stable Air: Inversions
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library