« previous next »

Author Question: Implicit collusion, where players do NOT have an explicit agreement A) are strictly prohibited ... (Read 85 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
Implicit collusion, where players do NOT have an explicit agreement
 
  A) are strictly prohibited under antitrust laws.
  B) are not strictly prohibited under antitrust laws.
  C) results in cheating.
  D) maximizes total surplus in the market.

Question 2

A firm that generates zero economic profit usually faces
 
  A) negative business profit.
  B) zero business profit.
  C) positive business profit.
  D) business profit equal to half the total revenue.


bimper21

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Older people who exercise cognitive skills, like these chess players, retain those skills well into ... Older people who exercise cognitive skills, like these chess players, retain those skills well into ...
Schengen Agreement Schengen Agreement
Schengen Agreement Schengen Agreement
How to use implicit differentiation How to use implicit differentiation
How to use implicit differentiation with higher order derivatives How to use implicit differentiation with higher order derivatives
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library