« previous next »

Author Question: A cartel maximizes industry profit by: a. eliminating quotas. b. producing at the kink in its ... (Read 77 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
A cartel maximizes industry profit by:
 a. eliminating quotas.
  b. producing at the kink in its demand curve.
  c. producing where MR = MC.
  d. giving secret price concessions.
  e. producing more output than a monopoly would.

Question 2

Total fixed cost are costs that are fixed with respect to:
 a. the rate of output.
  b. time.
  c. technology.
  d. the minimum wage or price supports.


Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Use of cell fusion and selection to obtain hybridomas producing monoclonal antib Use of cell fusion and selection to obtain hybridomas producing monoclonal antib
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
Producing human insulin in E. coli Producing human insulin in E. coli
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library