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 81 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
Wow, this really help

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Bonobo females form close alliances, maintained through sex, but these alliances are lacking in chim Bonobo females form close alliances, maintained through sex, but these alliances are lacking in chim
The United States, 1819 The United States, 1819
Example of an employee performance evaluation form Cont Example of an employee performance evaluation form Cont
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library