--%>

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 : Problem of dockworkers on hiking the pay

    When you were in the ski boat business, your net revenues from selling given numbers of boats would be least influenced by: (i) Govt. increasing fees for boat licenses. (ii) Rises in prices for jet skis. (iii) Pay hikes for dock-workers. (iv) Vacation

  • Q : Poverty and Human Capital Enabling

    Enabling labor to move out of low-wage occupations by enhancing their education, skills, training and mobility, which will tend to: (w) lower the wages of those who leave the low wage occupation. (x) raise the wages of those who remain in the low wage

  • Q : Industrial Unions-organizing workers

    Can someone help me in finding out the right answer from the given options. Industrial unions are proposed to organize all the workers in: (i) A specific company. (ii) The United States. (iii) Particular skill or the craft. (iv) Particular occupation. (v) Specific ind

  • Q : Monopolistic competition firm in

    firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.

  • Q : Demand for Labor and Monopsony Power

    When wage discrimination is not likely for the first 40 workers this profit-maximizing firm hires, however it can wage discriminate absolutely whenever hiring all the subsequent workers, it hires a net of: (1) 40 workers at average wage of $700 per week per worker. (2

  • Q : Demand in a specific period In adding

    In adding up to price, the quantity of a good bought throughout a given period is recognized by: (1) Income. (2) Tastes and preferences. (3) Numbers of buyers in market. (4) Prices of associated goods. (e) All of above. Can someone

  • Q : Describe inferior goods in economics

    Inferior goods in economics: Inferior goods refer to such goods whose demand reduces with the rise in income of consumer.

  • Q : Social welfare function What do you

    What do you mean by a social welfare function? If you assume that such a function exists, what properties of social optima would be considered by you? Discuss such properties.

  • Q : Competitive Profit Maximization-average

    The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve

  • Q : Economic losses generate competitive

    Economic losses in an industry generate competitive pressures which cause: (1) industry output to fall. (2) market price to decrease. (3) each firm’s short-run output to increase. (4) rising costs for industry inputs. (5) firms to expand product