« previous next »

Author Question: Cartel members have an incentive to cheat on the cartel because: a. the cartel does not maximize ... (Read 91 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Cartel members have an incentive to cheat on the cartel because:
 a. the cartel does not maximize profits.
  b. the cartel price is the competitive price.
  c. each member's output quota is too high.
  d. each member's MR is not equal to the cartel's MC.
  e. the industry profit would be higher under competitive conditions.

Question 2

The total fixed cost remains constant as which of the following varies?
 a. Cost of resources.
  b. Time.
  c. Output in a given period of time.
  d. Profit.


lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

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?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Factors that contribute to the growth of family members. Factors that contribute to the growth of family members.
A, An incentive spirometer. A, An incentive spirometer.
B, The nurse teaches the postoperative client to use an incentive spirometer to expand the lungs. B, The nurse teaches the postoperative client to use an incentive spirometer to expand the lungs.
An incentive spirometer An incentive spirometer
Each subculture provides its members with values and distinctive ways of viewing the world. What ... Each subculture provides its members with values and distinctive ways of viewing the world. What ...
Members of Sierra Leonean Diaspora Community in London Members of Sierra Leonean Diaspora Community in London
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library