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

Author Question: A cartel is an agreement A) among firms to flood the market and eliminate competition. B) among ... (Read 104 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
A cartel is an agreement
 
  A) among firms to flood the market and eliminate competition.
  B) among firms to steal industrial processes from rival firms.
  C) among firms to decrease output and raise price.
  D) by the government to restrict imports.

Question 2

A single-price monopolist will find when it produces its profit-maximizing amount of output that
 
  A) price exceeds marginal revenue.
  B) price exceeds marginal cost.
  C) marginal revenue equals marginal cost.
  D) All of the above occur at the profit-maximizing output level.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Competition in a forest can be as intense as competition on a coral reef. However, much of the compe Competition in a forest can be as intense as competition on a coral reef. However, much of the compe
(a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit (a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit
The Old River Flood Control Structures The Old River Flood Control Structures
Schengen Agreement Schengen Agreement
Main Hall, Trajan's Market Main Hall, Trajan's Market
Competitive firms and maximization Competitive firms and maximization
Video: Flexor reflex & Crossed extensor reflex

For a complete list of videos, visit our video library