Author Question: In the above figure, the firm's total economic profit is equal to A) 60. B) 200. C) 150. D) MR ... (Read 54 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
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
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

For a complete list of videos, visit our video library