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Author Question: A cartel's marginal cost curve is the a. highest of all the individual firms' marginal cost curves ... (Read 207 times)

ec501234

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on: Jun 30, 2018
A cartel's marginal cost curve is the
 a. highest of all the individual firms' marginal cost curves
  b. lowest of all the individual firms' marginal cost curves
  c. horizontal sum of all the individual firms' marginal cost curves
  d. average of all the individual firms' marginal cost curves
  e. product of all the individual firms' marginal cost curves

Question 2

Public goods legislation involves
 a. widespread benefits and concentrated costs
  b. widespread benefits and widespread costs
  c. concentrated benefits and widespread costs
  d. concentrated benefits and costs
  e. regulating natural monopolies to avoid price gouging


yuyiding

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

C

Answer to Question 2

B


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ec501234

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Reply #2 on: Jun 30, 2018
Thank you


yuyiding

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Reply #3 on: Jun 30, 2018
No problemo


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