Holding the number of firms in the market fixed, what happens to the price as the number
Question:
Holding the number of firms in the market fixed, what happens to the price as the number of noncartel members rises? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
A cartel forms if members of the cartel believe that they can raise their profits ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Consider a monopolistically competitive market with N firms. Each firms business opportunities are described by the following equations: Demand: Q = 100/N P Marginal Revenue: MR = 100/N 2Q Total...
-
The relationship described in question 7 does not always appear to hold. What factors besides the number of firms in the market, might affect margins?
-
The oil and gas industry is often in the news these days as consumers look for ways to deal with the large increases in fuel prices in recent years. Some concerns have been expressed about the...
-
1Describe in a simplified manner the flow of information from gene to protein
-
The carton of eggs shown in FIGURE 9-39 is filled with a dozen eggs, each of mass m. Initially, the center of mass of the eggs is at the center of the carton. (a) Does the location of the center of...
-
Consider a man who has 20 kg of body fat when he goes on a hunger strike. Determine how long he can survive on his body fat alone.
-
Saturn Corporation issued \(\$ 400,000\) of \(6 \%\) bonds payable on June 30. The bonds were dated April 30, and the semiannual interest dates are April 30 and October 31. 1. How much cash will...
-
Flaming Foliage Sky Tours is a small sightseeing tour company in New Hampshire. The firm specializes in aerial tours of the New England countryside during September and October, when the fall color...
-
post on the issue of why the criminal procedure of plea-bargaining creates such controversy for so many in our country. It seems ironic that groups representing both conservative perspectives and...
-
Metro builds and operates traditional shopping malls. It holds a $25 million deferred tax asset relating to credit carryforwards at the state, local, and Federal levels. No valuation allowances...
-
Using our duopoly airlines example, (falsely) assume that the corporation that owns United Airlines is located in one country and Americans is located in another. a. If only Uniteds government...
-
What is the duopoly Nash-Cournot equilibrium if the market demand function is Q = 1,000 - 1,000p, and each firms marginal cost is $0.28 per unit?
-
In Problem, perform the indicated operations and simplify. x2 - x 2 2x - 8 x2 - 2x 8 x2 - 5x + 4 x - 6x + 9 18 2x | |
-
Which statement is true with respect to the two basic ways unions have of exerting power? a) Only inclusion leads to higher wages. b) Only exclusion leads to higher wages. c) Both inclusion and...
-
A monopsony is ___________. a) the only seller of a product for which there are no close substitutes b) the only buyer of a product for which there are no close substitutes c) both the seller and the...
-
A firm will use increasing amounts of a resource until the ____________ of that resource is equal to its ________________ .
-
Which is the most accurate statement about the recent wave of corporate corruption? a) It has hurt employees, stockholders, and, in general, the entire economy. b) It has actually been very healthy...
-
Right-to-work laws promote the formation of _________. a) closed shops b) union shops c) open shops
-
Conwell was a partner in Piece of America (POA), a company that sold one-square-inch pieces of land in each of the 50 states. The company wanted to sell them through a website and approached Gray...
-
How do the principles of (a) Physical controls and (b) Documentation controls apply to cash disbursements?
-
When rental cars are sold on the used car market, they are sold for lower prices than cars of the same model and year that were owned by individual owners. Does this price difference reflect adverse...
-
In the Managerial Solution, show that shareholders expected earnings are higher with the new compensation scheme than with the original one.
-
Curtis manages an electronics store in Wichita, Kansas. He considers carrying either cameras from Nikon Americas that come with a U.S. warranty or gray market Nikon cameras from a European supplier,...
-
On January 2, Year 4, Brady Ltd., a private company, purchased 80% of the outstanding shares of Partridge Ltd. for $5,420,000. Partridge's statement of financial position and the fair values of its...
-
We have initially touched on some critical elements of an IT security program through our readings, class discussions, and class lectures. For this discussion provide a substantive post depicting...
-
Read string fav_color from input, and output the following, all separated by spaces: 'My favorite color' The value of fav_color 'contains' The length of fav_color 'characters ?
Study smarter with the SolutionInn App