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-The Figure Above Shows the Market Demand Curve and the ATC

Question 55

Multiple Choice

  -The figure above shows the market demand curve and the ATC curve for a firm.Each firm in the market has the same ATC curve.If the firms in the industry agree to form a cartel,the firms in the industry make an economic profit if there are ________ firms,each producing ________ units per hour. A)  3; 4,000 B)  4; 3,000 C)  2; 6,000 D)  2; 4,000 E)  2; 12,000
-The figure above shows the market demand curve and the ATC curve for a firm.Each firm in the market has the same ATC curve.If the firms in the industry agree to form a cartel,the firms in the industry make an economic profit if there are ________ firms,each producing ________ units per hour.


A) 3; 4,000
B) 4; 3,000
C) 2; 6,000
D) 2; 4,000
E) 2; 12,000

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