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Author Question: To maximize cartel profit, the members must allocate output so that the marginal cost for the final ... (Read 68 times)

tsand2

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on: Jun 30, 2018
To maximize cartel profit, the members must allocate output so that the marginal cost for the final unit produced by each firm is
 a. identical
  b. unequal
  c. negative
  d. equal to the firm's average total cost
  e. maximized

Question 2

Marginal external cost equals marginal private cost minus marginal social cost.
 a. True
  b. False


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flexer1n1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


tsand2

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amandalm

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  • Posts: 306
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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