Prices under an ideal cartel situation will be equal to
A) monopoly prices.
B) competitive prices.
C) prices under monopolistic competition.
D) marginal cost.
A
You might also like to view...
Suppose the government issues bonds to finance an increase in government spending. In the bond market,
A) the demand curve shifts right, leading to an increase in bond prices, and a decrease in interest rates. B) the supply curve shifts right, leading to a decrease in bond prices, and an increase in interest rates. C) the demand curve shifts left, leading to a decrease in bond prices, and an increase in interest rates. D) the supply curve shifts left, leading to an increase in bond prices, and an increase in interest rates
The ATC curve for a firm that produces an information product
A) slopes downward, because AVC is constant, AFC slopes downward, and ATC = AVC + AFC. B) slopes upward, because AFC is constant, AVC slopes upward, and ATC = AFC + AVC. C) is U-shaped, because AVC is U-shaped, AFC slopes downward, and ATC = AVC + AFC. D) slopes downward, because MC slopes downward, AVC is constant, and ATC = AVC +MC.