« previous next »

Author Question: A successful and stable cartel can be established if there are A) many firms producing a storable ... (Read 33 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
A successful and stable cartel can be established if there are
 
  A) many firms producing a storable product.
  B) many firms producing a perishable product.
  C) a few firms producing a storable product.
  D) a few firms producing a perishable product.

Question 2

Under perfect competition
 
  A) information about prices is hard to obtain.
  B) there is a maximum number of firms that can enter the market.
  C) if a firm exits the market, price will rise.
  D) transaction costs are low.


patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
Moderate to high physical activity in PE classes is one component of a successful prevention effort ... Moderate to high physical activity in PE classes is one component of a successful prevention effort ...
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ... This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Extremely Stable Air: Inversions Extremely Stable Air: Inversions
Video: Structures that affect circulation - heart and MABP

For a complete list of videos, visit our video library