Author Question: If zinc suppliers are successful in forming an international zinc cartel, they will experience a. ... (Read 63 times)

shofmannx20 · **on:** Jun 30, 2018

If zinc suppliers are successful in forming an international zinc cartel, they will experience
a. lower output and higher prices, which discourage the entry of new firms into the industry
b. lower output, higher prices, and the need to organize an effort to prevent the entry of new firms into the industry
c. higher output and higher prices, which discourage the entry of new firms into the industry
d. higher output, higher prices, and the need to organize an effort to prevent the entry of new firms into the industry
e. none of the above

Question 2

Private firms and public bureaus differ in the sense that
a. only private firms employ capital
b. public bureaus usually show a profit
c. some public bureaus are inefficient
d. ownership of private firms is transferable
e. ownership of public bureaus is transferable in the marketplace