Monopolies increase their profits by reducing output. This causes price to rise while as the firm reduces output their marginal cost tends to fall. This creates a gap between price and marginal cost. How does this gap between price and marginal cost help explain why collusion between two (or more) firms is likely fail?

Question

19-06-2024
Business

Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Monopolies increase their profits by reducing output. This causes price to rise while as the firm reduces output their marginal cost tends to fall. This creates a gap between price and marginal cost. How does this gap between price and marginal cost help explain why collusion between two (or more) firms is likely fail?

Sagot :

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.

____________ won the election of 1800, and he belonged to the __________ Party. A.)Thomas Jefferson, Democratic-Republican B.)Aaron Burr, Democratic Republican

Which statement about the Peloponnesian War is true? A. The Athenian navy blockaded shipments of grain to Sparta and finally forced it to surrender. B. A victor

In what way did the Vietnam War shape the U.S. presidency in 1968

What is the volume of a cone that has a radius of 4 cm and a height of 9 cm? Use 3.14 to approximate pi and express your answer in hundredths. ______cm^3

11. Vera is a good listener, helps her customers solve problems, and makes product suggestions that meet their needs. Last year she received the Associate of

Even if you live in the middle of North America, the quality of your watershed can affect the quality of the ocean. How can this be? Select one: a. Evaporation

In what way did the Vietnam War shape the U.S. presidency in 1968

The difference between 10 and three times a number is 31.

What is the oxidation state of nitrogen in NaNO2? (1) +1 (3) +3 (2) +2 (4) +4

What government action prompted the organization of two women’s suffrage groups in 1869? A)the arrest of Margaret Sanger B)the announcement of Catt’s “Winning P

Sagot :

Other Questions