If a cartel can earn a profit, it will increase production as long as

a. MR > MC
b. MR > ATC
c. MC > MR
d. MR < AR
e. MR > AVC

A

Economics

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What factors other than the wage rate influence the demand for labor? How is demand affected by changes in these factors?

What will be an ideal response?

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In an analytical sense, unions can be thought of as

A) setters of minimum wages. B) monopoly buyers of workers. C) generators of inflation. D) monopsonies.

Economics