Author Question: A cartel's profit-maximizing price is a. on the demand curve at the quantity where marginal cost ... (Read 106 times)

tsand2 · **on:** Jun 30, 2018

A cartel's profit-maximizing price is
a. on the demand curve at the quantity where marginal cost equals marginal revenue
b. on the demand curve where it intersects its marginal cost curve
c. the highest price possible
d. determined by using the cost-plus pricing model
e. where the kink in the demand curve occurs

Question 2

Filing a fraudulent income tax return that understates income or overstates deductions is known as
a. tax evasion
b. logrolling
c. tax avoidance
d. rent seeking
e. profiteering