« previous next »

Author Question: Cartel members have an incentive to cheat on the cartel because: a. the cartel does not maximize ... (Read 267 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?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Parasitic members of the supergroup Excavata. Parasitic members of the supergroup Excavata.
An incentive spirometer An incentive spirometer
cheat sheet for cuts of beef. cheat sheet for cuts of beef.
Why are members of the Hells Angels part of a counterculture and not a subculture? Why are members of the Hells Angels part of a counterculture and not a subculture?
After the death of a loved one, family members report concerns about last place of care. After the death of a loved one, family members report concerns about last place of care.
The frequency of bipolar illness in members of monozygotic twin pairs and in first-degree relatives The frequency of bipolar illness in members of monozygotic twin pairs and in first-degree relatives
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library