--%>

Cartel

Select the right answer of the question. We would expect a cartel to achieve: A) both allocative efficiency and productive efficiency. B) allocative efficiency, but not productive efficiency. C) productive efficiency, but not allocative efficiency. D) neither allocative efficiency nor productive efficiency

   Related Questions in Microeconomics

  • Q : Effect of supply curve due to price rise

    When a farmer grows wheat and rice, how will a raise in the price of wheat influence the supply curve of rice? Answer: The Supply curve of rice will shifted to the

  • Q : Price cut of Substitutes products When

    When a price cut for licorice gummy bears decrease the demand for tuna fish ice-cream, then: (1) Tuna fish ice-cream and licorice gummy bears are the complementary goods. (2) Price hikes for tuna fish ice-cream will decrease the demand for the licorice gummy bears. (3

  • Q : Competitive Resource Market Supply

    Can someone please help me in finding out the accurate answer from the following question. As resources should be hired away from other utilizations, the resource supply curves facing a big and expanding competitive industry are usually: (1) U shaped. (2) Horizontal.

  • Q : Problem regarding Inferior Goods

    Subsequent to Fred received a promotion and a big raise; he bought some macaroni and cheese dinners. For Fred, the: (1) Demand for the macaroni and cheese dinners is not predictable. (2) Macaroni and cheese dinners are the normal goods. (3) Demand for cheese and macar

  • Q : What is Marginal physical product

    Marginal physical product: It refers to the addition build to the total product.

  • Q : In-Kind Transfer Payments Medicare,

    Medicare, rent subsidies, Medicaid, and food stamps are examples of: (w) transfers in-kind. (x) cash transfers. (y) human capital programs. (z) negative income taxes. Can anybody suggest me the proper explanation for given problem

  • Q : Leftward shift of PPC What does

    What does leftward shift of PPC point out? Answer: It points out underutilization of resources.

  • Q : Market Prices signals I have a problem

    I have a problem in economics on Market Prices signals. Please help me in the following question. Market prices are the: (1) Signals among sellers and buyers. (2) Generally higher than the opportunity costs. (3) Set by the government regulations. (4)

  • Q : Adjust production in profit-maximizing

    Adjust production in all profit-maximizing firms to a level where the marginal: (i) revenue most greatly exceeds average total cost. (ii) revenue curve is at its maximum height. (iii) cost curve is at its lowest point. (iv) cost curve intersects the m

  • Q : Price Rigidity Price Rigidity: The

    Price Rigidity: The other significant feature of oligopoly is price rigidity. Price is rigid or sticky at the prevailing level due to the fear of reaction from the rival firms. When an oligo