A major cartel problem is that member firms cheat by attempting ...

[bcretired]

A major cartel problem is that member firms cheat by attempting to steal customers from one another.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

At the point where marginal cost equals average variable cost,
 a. b and c.
  b. marginal cost is rising.
  c. average total cost is at its minimum.
  d. average variable cost is falling.
  e. there is no total cost.

[vickyvicksss]

Answer to Question 1

True

Answer to Question 2

a

[bcretired]

Wow, this really help

[tuate]

Thanks for the timely response, appreciate it