--%>
Assignment Help - homework help

Weakest and least efficient producers of Cartels

Cartels are generally supported most strongly by: (w) the largest and most efficient producers in the industry. (x) the weakest and least efficient producers in the industry. (y) buyers of the output of the industry. (z) consumer advocate groups.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Maximizing profit by hiring labor The

    The firm maximizes profit by hiring the labor at a point where labor’s: (i) Marginal physical product equal its average physical product. (ii) Marginal revenue product equivalents its marginal resource cost. (iii) Rate of exploitation is maximum. (iv) Wage rate

    		•
  • Q : Declining cost structure by natural

    Natural barriers to entry within a market arise primarily by: (w) strategies by existing firms to discourage the entry of new firms. (x) perfectly inelastic demands for products. (y) the declining cost structure inherent in producing certain goods. (z

    		•
  • Q : Problem on equilibrium market price I

    I have a problem in economics on equilibrium market price. Please help me in the following question. The equilibrium market price subsists only if: (1) Quantity demanded equivalents the quantity supplied. (2) Surpluses exceed the shortages. (3) Expert

    		•
  • Q : Range of market demand in market

    When economies of scale in producing a product persist across the complete range of market demand as: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) compet

    		•
  • Q : Inefficient economic monopolists

    Monopolists are frequently considered inefficient since they set: (w) MR = MC to maximize profits. (x) P > MSC. (y) MSR < MSC. (z) output where average revenue equals price [AR = P] as well as marginal revenue equals marginal cost [MR = MC].

    		•
  • Q : Goods in positive price cross

    When two goods contain positive price cross elasticities of demand, then the two goods are: (1) inferior goods. (2) superior substitutes. (3) complementary goods: (4) gross substitute. (5) normal goods. I need a go

    		•
  • Q : Problem on lower equilibrium price Can

    Can someone help me in finding out the right answer from the given options. In short run for a competitive market, a raise in the supply will generally: (1) Raise demand. (2) Not affect the equilibrium price. (3) Lower equilibrium price. (4) Increase equilibrium price

    		•
  • Q : Total revenue raised by output

    A firm’s total revenue can definitely be raised by decreasing its output when: (1) its supply curve is perfectly price inelastic. (2) the demand curve for its output is relatively income inelastic. (3) this is currently losing money each period.

    		•
  • Q : Firms in industry change When the firms

    When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.

    		•
  • Q : Adverse Selection as a classifiable

    Which of the given below conditions is most evidently classifiable as the adverse selection? (i) The company manufactures a miracle weight loss solution guarantee enduring weight loss, however in realism the solution only rids surplus water weight for

    		•