[Answered] If a cartel can earn a profit, it will increase production as long as a. MR > MC b. MR

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Author Question: If a cartel can earn a profit, it will increase production as long as a. MR > MC b. MR > ATC ... (Read 28 times)

plus1

Hero Member
Posts: 676

on: Jun 30, 2018

If a cartel can earn a profit, it will increase production as long as
a. MR > MC
b. MR > ATC
c. MC > MR
d. MR < AR
e. MR > AVC

Question 2

Officials have estimated the size of the U.S. underground economy to be approximately
a. 6 to 8 percent of GDP
b. about 5 trillion
c. 50 percent of GDP
d. 60-80 billion
e. about 1 trillion

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Marked as best answer by a Subject Expert

isabelt_18

Sr. Member
Posts: 342

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

E

plus1

Member
Posts: 676

Reply 2 on: Jun 30, 2018

YES! Correct, THANKS for helping me on my review

kjohnson

Member
Posts: 330

Reply 3 on: Yesterday

Great answer, keep it coming

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