This Application showed that
A) the WTO can affect the actions of member countries, but rapid resolution of disputes requires ongoing negotiations between countries.
B) decisions by the WTO can lead to further conflicts between countries.
C) it may take years for decisions by the WTO to take effect.
D) all of the above
D
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The firm in the figure above has a total revenue equal to ________
A) $5.10 × 10 B) $8.00 × 10 C) ($5.10 - $8.00 ) × 10 D) ($8.00 - $5.10 ) × 10 E) None of the above answers is correct because more information is needed.
Cartels are difficult to maintain because
a. antitrust laws are difficult to enforce. b. cartel agreements are conducive to monopoly outcomes. c. there is always tension between cooperation and self-interest in a cartel. d. firms pay little attention to the decision made by other firms.