If there are no externalities present in a market A) the market ...

[haleyc112]

If there are no externalities present in a market
 A) the market price is too low.
  B) the market price is too high.
  C) the market price is in equilibrium.
  D) none of these choices are true.

Question 2

In a collusive oligopoly, joint profits are maximized when a price leader establishes price based on:
 a. its own demand and cost schedules.
 b. the market demand for the product and the marginal costs of the various firms.
  c. the market demand for the product and its own marginal cost schedule.
 d. the demand curve faced by a typical competitor and its own marginal cost curve.

[joewallace]

Answer to Question 1

C

Answer to Question 2

b

[haleyc112]

Thanks for the timely response, appreciate it

[deja]

TYSM