-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.
Definitions:
Potential Energy
The energy held by an object because of its position relative to other objects, stresses within itself, its electric charge, or other factors.
Citric Acid Cycle
A sequence of biochemical processes that aerobic life forms use to liberate energy stored by oxidizing acetyl-CoA, obtained from carbs, fats, and proteins.
Glucose Molecule
A simple sugar that is an important energy source in living organisms and a component of many carbohydrates.
Oxidize Glucose
The process of glucose reacting with oxygen to produce energy, carbon dioxide, and water, primarily through cellular respiration.
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