Why might it be difficult for the firms in a duopoly to form a cartel? fill in the blanks to complete the passage. in the united states, cartels are –. however, even if they weren’t, cartels are not always stable. if one firm in a two-member cartel decides to –, the other firm will be forced to – the first one. eventually both companies would arrive at the – and end up earning less revenue.

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?

An airline estimates that 98% of people booked on their flights actually show up. if the airline books 61 people on a flight for which the maximum number is 59 (the capacity of the plane), what is the probability that the number of people who show up will exceed the capacity of the plane?