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Author Question: The colluding oligopoly will face market demand and produce up until the point at which (Read 55 times)

silviawilliams41

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 14.1 below to answer the question(s) that follow.










Refer to Figure 14.1. Four firms that produce chewing gum form a cartel. The cartel faces the market demand curve given by 
D. At the profit-maximizing output, the profit on each pack of gum is


◦ $0.04.
◦ $0.09.
◦ $0.15.
◦ $0.25.

Question 2

The colluding oligopoly will face market demand and produce up until the point at which


◦ price and marginal cost are equal and price will be set equal to marginal cost.
◦ marginal revenue and marginal cost are equal and price will be set above marginal cost.
◦ price and marginal revenue are equal and price will be set below marginal cost.
◦ marginal revenue and marginal cost are equal and price will be set below marginal cost.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by silviawilliams41 on Apr 19, 2019

vboyd24

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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silviawilliams41

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Reply 2 on: Apr 19, 2019
:D TYSM

ashely1112

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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