This topic contains a solution. Click here to go to the answer

Author Question: Mutual interdependence among firms in an oligopoly means that: a. firms never practice price ... (Read 131 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
Mutual interdependence among firms in an oligopoly means that:
 a. firms never practice price leadership.
  b. firms never form a cartel.
  c. it is difficult to know how firms will react to decisions of rivals.
  d. no formal agreement is possible among firms.

Question 2

Suppose a firm has total revenue of 200 million, explicit costs of 190 million, and implicit costs of 20 million. This firm's accounting profit is:
 a. 80 million.
  b. 70 million.
  c. 10 million.
  d. 10 million.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

c

Answer to Question 2

c




big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

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?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

For a complete list of videos, visit our video library