Author Question: A cartel usually has a collusive agreement to A) restrict output. B) boost output. C) lower the ... (Read 76 times)

audragclark

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A cartel usually has a collusive agreement to
 
  A) restrict output.
  B) boost output.
  C) lower the price.
  D) increase the number of firms in the industry.

Question 2

A firm has fixed costs
 
  A) in the short run and in the long run.
  B) in the short run but not in the long run.
  C) in the long run but not in the short run.
  D) neither in the long run nor in the short run.



dreamfighter72

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Answer to Question 1

A

Answer to Question 2

B



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