Using the market marginal revenue, firms in a cartel or engaged in tacit collusion should set ________ equal to ________ to maximize profit.
A) marginal revenue; marginal cost
B) marginal cost; average total cost
C) marginal revenue; average total cost
D) price; marginal revenue
A) marginal revenue; marginal cost
Economics
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Using outlet stores to price discriminate has been successful for many companies, with sales increasing faster than at conventional retail stores
Indicate whether the statement is true or false
Economics
If firms were faced with greater uncertainty because of concern that oil prices might rise, they might decrease expenditures on capital. In response to this change, someone who advocated "lean against the wind" policies might advocate
a. decreasing the money supply. b. increasing taxes. c. increasing government expenditures. d. All of the above
Economics