In the above figure, the firm's total economic profit is equal to A) 60. B) 200. C) 150. D) MR ...

Author Question: In the above figure, the firm's total economic profit is equal to A) 60. B) 200. C) 150. D) MR ... (Read 51 times)

bclement10

Hero Member
Posts: 560

on: Jun 29, 2018

In the above figure, the firm's total economic profit is equal to

A) 60.
B) 200.
C) 150.
D) MR - MC.

Question 2

________ is a group of firms that have colluded to limit their output and raise their price.

A) A cartel
B) An oligopoly
C) A strategy
D) A duopoly

GCabra

Sr. Member
Posts: 331

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

A

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