Graphically we can illustrate a firm with price setting ability ...

[Lobcity]

Graphically we can illustrate a firm with price setting ability by drawing its demand curve as ________.
 
  A) downward sloping
  B) upward sloping
  C) horizontal
  D) vertical

Question 2

The maximum total economic profit that can be made by colluding duopolists
 
  A) is less than the economic profit made by a monopolist.
  B) equals the economic profit made by a monopolist.
  C) exceeds the economic profit made by a monopolist.
  D) bears no necessary relation to the economic profit made by a monopolist.

[mammy1697]

Answer to Question 1

A

Answer to Question 2

B

[Lobcity]

Thank you

[mammy1697]

No problemo