« previous next »

Author Question: A cartel is a group of firms that A) produce differentiated products. B) produce products that ... (Read 2980 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
A cartel is a group of firms that
 
  A) produce differentiated products.
  B) produce products that are complements.
  C) agree to restrict output to boost their profit.
  D) agree to boost output to boost their profit.

Question 2

Which of the following is ALWAYS true for a profit-maximizing single-price monopolist?
 
  A) P = MC
  B) P = MR
  C) MR = MC
  D) MC = ATC


harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

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.

Human embryonic stem cells differentiated to neural cells Human embryonic stem cells differentiated to neural cells
Products containing latex Products containing latex
Relationships and dates divergence of living primate group based on molecular and DNA comparisons. Relationships and dates divergence of living primate group based on molecular and DNA comparisons.
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
The two phases of glycolysis and the products of glycolysis The two phases of glycolysis and the products of glycolysis
Video: Antidiuretic hormone (vasoconstriction, water reabsorption & sweat inhibition)

For a complete list of videos, visit our video library