What condtions are necessary for a cartel to succeed? (could be more than one answer choice)...

What condtions are necessary for a cartel to succeed? (could be more than one answer choice)

a)		There must be potential for monopoly power
b)		The market must be for a commodity, like oil or corn.
		c) Members must adhere to agreed price and quantity decisions
d)		The market must be for an illegal good, like drugs.
e)		The elasticity of demand for the good must be below 2.
f)		There cannot be more than 5 firms in the market.

Expert Solution

Rahul Sunny answered 2 years ago

Discrete Mathematics: Choose the correct choices. There could be more than one answer: Events A and...

Discrete Mathematics: Choose the correct choices. There could be more than one answer: Events A and B are independent events if(choose all correct answers). Note: P(A) denotes probability of event A. a) P(A intersection symbol B)=P(A|B)P(B) b) P( A intersection symbol B)=P(A)P(B) c) P( A intersection symbol B)=P( B intersection symbol A) d) P(A|B)=P(B|A)

Answer the following questions about oligopoly. If a group of sellers could form a cartel, what...

Answer the following questions about oligopoly. If a group of sellers could form a cartel, what quantity and price would they try to set? What is the prisoner's dilemma, and what does it have to do with oligopoly

answer the multiple choice. The problem of using borrowed funds for a more risky purpose than...

answer the multiple choice. The problem of using borrowed funds for a more risky purpose than what they were originally intended for is called which of the following ? moral hazard default risk asymmetrical information The multiple by which total deposits can increase for every dollar increase in reserves is the ___________. required reserve ratio money multiplier deposit insurance limit What do an insurance company and a commercial bank have in common? Both provide the public with a wide range...

Increases in which of the following (could be more than one) increase the natural rate of...

Increases in which of the following (could be more than one) increase the natural rate of unemployment? 1. Employment protection legislation 2. Responsiveness of wage demands to unemployment. 3. The product market power of firms. 4. The efficiency of the hiring process in the labour market.

For a brand to succeed, it takes much more than just delivering a good product or service

For a brand to succeed, it takes much more than just delivering a good product or service, having a strategy for approaching the audience is essential, and drawing the attention of the right audience involves a number of brand elements, such as the visual, emotional, rational, and cultural image that will be associated with it.Brand positioning in the media also shows the importance of segmentation. The strategy helps the brand to define appropriate products for a specific group of customers,...

What are the major effects encountered by an electron traversing matter? more than one answer multiple...

What are the major effects encountered by an electron traversing matter? more than one answer multiple Coulomb scattering bremsstrahlung Compton scattering conversion into electron-positron pairs annihilation photoelectric effect energy loss by excitation and ionisation

What is TRUE about the autonomic division? There may be more than one answer. (2 pts)...

What is TRUE about the autonomic division? There may be more than one answer. (2 pts) Select one or more: a. The autonomic division consists of the parasympathetic and sympathetic divisions that target the cardiac cells, smooth muscle cells, and glands. b. The parasympathetic and sympathetic divisions are made of pre-ganglionic neuron that synapses with the post-ganglionic neuron at the neuromuscular junction. c. The pre-ganglionic neuron of both parasympathetic and sympathetic would secrete acetylcholine at the axon terminal and it...

Answer the following 3 questions in one paragraph (no more than 6 sentences): What does it...

Answer the following 3 questions in one paragraph (no more than 6 sentences): What does it mean when we say a government is "legitimate" or "illegitimate"? Do you think that your country’s government is legitimate? Why or why not?

Choose the best answer that matches each statement below. Some choice may be used more than...

Choose the best answer that matches each statement below. Some choice may be used more than once, and some choices may not be used at all. Each question has one correct answer. A _____ is formed when two or more elements are combined in a chemical reaction. First to develop and atomic theory. A _____ change results in the formation of a new substance. He is credited with the discovery of the proton and electron. ______ cannot be broken down...

multiple choice questions .( questions may have more than answer ) 1- Rough endoplamatic reticulum :...

multiple choice questions .( questions may have more than answer ) 1- Rough endoplamatic reticulum : a. does not contain ribosoms . b. contains a small amount of RNA c. is responsible for lipid synthesis . d. is responsible for protein synthesis . 2. karyotype : a. can be performed only on the basis of dividing cell b. requires sterile condition . c. can be performed on the basis of paraffin embedded tissue d. enables detection of structural chromosomal alteration...

Question