Using the scenario above why might the results be different for small classes compared to large classes?
What will be an ideal response?
Larger classes make collusion much more difficult to manage successfully. In a smaller class there is less leg work to pull it off.
Economics
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Refer to Figure 22-4. Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in the figure above by the movement from
A) E to B to D. B) A to E. C) A to B to C. D) A to D.
Economics
If a monopolist's demand curve shifts to the left such that it becomes tangent to the ATC curve at the output for which marginal revenue equals marginal cost, the monopolist will make only a normal profit
a. True b. False Indicate whether the statement is true or false
Economics