The formation of cartels is primarily a concern in the __________ market structure(s)
a. perfectly competitive
b. monopolistically competitive
c. oligopoly
d. monopoly
e. perfectly competitive and monopolistically competitive
C
Economics
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As a firm produces more and more DVDs, the average cost of producing each DVD falls. A curve showing the behavior of the average cost of a DVD as more DVDs are produced
A) would be positively and then negatively sloped. B) would be positively sloped. C) would be horizontal. D) would be negatively sloped.
Economics
If Jason's fixed cost totals $800 with variable cost per unit of $10 at a quantity of 80 units, what would his average total cost at 80 units of output equal?
a. $10 b. $18 c. $20 d. $810
Economics