Author Question: A member of a cartel earns more profits by producing more than its quota and selling at a price ... (Read 129 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
A member of a cartel earns more profits by producing more than its quota and selling at a price higher than the cartel's price.
 
  Indicate whether the statement is true or false

Question 2

An increase in the supply of capital, which is a substitute to labor, will lead to a decrease in the demand for labor.
 
  Indicate whether the statement is true or false


Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

FALSE

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

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?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

For a complete list of videos, visit our video library