A cartel will break down more easily if

A) there are only a few members.
B) industry demand is very stable.
C) market prices can be observed easily.
D) there are many entrants in the industry.


D

Economics

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Which of the following are typically financed in the loan market?

i. a mortgage for a house iii. credit card balances iii. the purchase of a share of stock in a corporation. A) i only B) i and iii C) ii and iii D) i, ii and iii E) i and ii

Economics

What is the difference between aggregate expenditure and consumption spending?

What will be an ideal response?

Economics

f the government imposes a price floor of $6 on this market, then there will be

A. a surplus of 20 units. B. a surplus of 30 units. C. no surplus. D. a surplus of 40 units.

Economics

A grower faces a price of $0.13/pound for his/her pumpkins. The buyers of the pumpkins will buy as many pumpkins as offered by the grower at this price. The pumpkin farmer evaluates his/her costs and finds that his/her production costs (average total costs) are $0.16 per pound. He/she also evaluates the marginal cost of production and finds that the marginal cost of production at the current level of production is $0.14 per pound. The average variable cost of production at the current level is $0.12 per pound. In the short run, the producer should try to:

a. Increase amount produced to get maximum profit b. Decrease the amount produced to get maximum profit c. Leave unchanged the amount produced to get maximum profit d. Stop producing and

Economics