Answer & Explanation:
If oligopolists engaged in some sort of collusion, industry output would be less than before and the price would be higher than under perfect competition.
When oligopolists collude, they will act as a monopoly, then the price that they will set would be higher than if they are under perfect competition. Also, the quantities that they will offer would be less. This happens because the quantity produced is determined by the intersection between the marginal cost curve (MC) and the marginal revenue curve (MR) and not by the intersection between the MC and the demand.
Answer:b. positive and increasing at an increasing rate
The reason for this is that marginal cost is the extra cost of producing an extra unit so when the marginal cost curve is increasing it means that the total cost will increase faster then before because making a new product costs more than the previous one.
Explanation:
Answer:
Harvesting rainwater can help the environment in a number of ways. ...
Reduces Water Bills. ...
Reduces Demand on Ground Water. ...
Can Be Used for Non-drinking Purposes
Answer:
The correct answer is option b.
Explanation:
A subsidiary bank can be defined as a type of bank that is incorporated in the country it operates but is owned majorly by a foreign bank in a different country.
Subsidiary banks do not follow the regulations applicable in the home country of the parent bank. These banks operate under the regulations of the host country it operates in.
Answer:
B
Explanation:
Both the billing department of an Internet Services Provider (ISP) and the mayor's office in a large city.