Which of the following is most likely to occur if a cartel does not find an acceptable way to allocate sales among its members?
A) Output will decrease.
B) Prices will rise.
C) Selling costs will increase.
D) The marginal costs of individual members will rise above their marginal revenue.
C
Economics
You might also like to view...
If the elasticity of demand for bagels is equal to 1, moving along the demand curve for bagels, an increase in price will: a. not affect the quantity purchased
b. decrease the quantity demanded and increase total revenue. c. decrease the quantity demanded and decrease total revenue. d. decrease the quantity demanded and leave total revenue unchanged.
Economics
When will stabilization policy be most effective in combating recessions?
a. when AS is flat b. when AS is very steep c. when AS has a moderately upward slope d. when AS has a moderately downward slope.
Economics