To maximize cartel profit, the members must allocate output so that the marginal cost for the final unit produced by each firm is

Refer to above figure. Given the opportunity to sell at world prices, the marginal (opportunity) cost of selling a ton domestically is what?

What will be an ideal response?

According to the liquidity premium theory of the term structure, a flat yield curve indicates that short-term interest rates are expected to

A) rise in the future. B) remain unchanged in the future. C) decline moderately in the future. D) decline sharply in the future.