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Author Question: The figure below shows an individual firm in a perfectly competitive industry in which all firms ... (Read 65 times)

markburs

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on: Oct 12, 2022

The figure below shows an individual firm in a perfectly competitive industry in which all firms have joined together to form a cartel. This firm has agreed to restrict its output to 600 units per day and raise its price to $5 per unit.



FIGURE 10-8
Refer to Figure 10-8. As a participating member of the cartel in this industry, what are the additional profits this firm is earning, in comparison to the profits it was earning prior to joining the cartel?


◦ $1200 per day
◦ $3000 per day
◦ $600 per day
◦ $1050 per day
◦ $1800 per day
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by markburs on Oct 12, 2022

Burly

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Reply #1 on: Oct 12, 2022
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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markburs

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

cpetit11

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

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