This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. ... (Read 103 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Apr 19, 2019

Question 1

In an oligopolistic industry, the price firms charge and the quantity they produce would be the same as if the industry were a monopoly if


◦ the market is contestable.
◦ the oligopolists behave as Cournot assumed.
◦ one of the oligopolists acts as a dominant firm price leader.
◦ the oligopolists collude.

Question 2

You read that 25 firms that grow and export peanuts to the United States decide to form a cartel. The cartel aims to raise the price of peanuts and reduce output to increase profits for the peanut growers. You predict that this cartel will probably


◦ not be successful because the number of firms is unmanageable and there are a number of good substitutes for peanuts.
◦ not be successful because there are too few firms that are trying to organize the cartel.
◦ be successful because the demand for peanuts is very elastic.
◦ be successful because it will be very easy to enforce the rules among only 25 firms.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sammy on Apr 19, 2019

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


sammy

  • Member
  • Posts: 818
Reply 2 on: Apr 19, 2019
:D TYSM

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

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?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Formation of heterogeneous ribonucleoprotein particles (hnRNPs) and export of mR Formation of heterogeneous ribonucleoprotein particles (hnRNPs) and export of mR
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Weight management is such a hot topic in the United States that it is frequently Weight management is such a hot topic in the United States that it is frequently
Food Assistance Programs in the United States Food Assistance Programs in the United States
Write the following in standard form Write the following in standard form
Z/W inheritance of feather form in poultry is revealed by analysis of reciprocal crosses Z/W inheritance of feather form in poultry is revealed by analysis of reciprocal crosses
Video: Genetic terms Animation

For a complete list of videos, visit our video library