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A cartel can be sustained in the long run     A. if the​ long-run market supply curve is inelastic.   B. as long as firms can easily exit the market.   C. as long as firms​ don't price discriminate to help produce more output.   D. if cartelized firms can be stopped from following their individual incentives to produce more than agreed by the cartel.

A cartel can be sustained in the long run     A. if the​ long-run market supply curve is inelastic.   B. as long as firms can easily exit the market.   C. as long as firms​ don't price discriminate to help produce more output.   D. if cartelized firms can be stopped from following their individual incentives to produce more than agreed by the cartel.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A cartel can be sustained in the long run
 
 
A.
if the​ long-run market supply curve is
inelastic.
 
B.
as long as firms can easily
exit
the market.
 
C.
as long as firms​ don't price discriminate to help produce more output.
 
D.
if cartelized firms can be stopped from following their individual incentives to produce more than agreed by the cartel.
A cartel can be sustained in the long run O A. if the long-run market supply curve is inelastic. O B. as long as firms can easily exit the market OC. as long as firms don't price discriminate to help produce more output. O D. if cartelized firms can be stopped from following their individual incentives to produce more than agreed by the cartel.
Transcribed Image Text:A cartel can be sustained in the long run O A. if the long-run market supply curve is inelastic. O B. as long as firms can easily exit the market OC. as long as firms don't price discriminate to help produce more output. O D. if cartelized firms can be stopped from following their individual incentives to produce more than agreed by the cartel.
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