A cartel price will be established at the quantity where
A) total cost equals the industry total revenue.
B) average cost equals the industry revenue.
C) the sum of the members' marginal costs equals industry marginal revenue.
D) marginal cost equals industry price.
C
Economics
You might also like to view...
Why do people hold money in the classical model?
What will be an ideal response?
Economics
A microeconomist might study which of the following?
a. the collapse of US financial markets in 2007-2009 b. the causes of the Great Depression c. the movements of prices for unleaded gasoline d. the role of expectations in the determination of the level of real GDP e. the trade-off between inflation and unemployment
Economics