Which of Following Is Not a Condition That Must Be

question 60

Multiple Choice

Which of following is not a condition that must be met for a cartel to maximize its joint profits?

• A)Total output by the cartel must be allocated among the member firms such that the individual firm's marginal costs are equal.
• B)The cartel must produce the level of output at which its marginal revenues and marginal costs are equal.
• C)The cartel must be operating in the inelastic portion of its demand curve.
• D)Each member firm must employ the least-cost method of production.

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Definitions:

Arteriosclerosis

The thickening, hardening, and loss of elasticity of the walls of arteries, leading to restricted blood flow.

Ischemia

Restriction of blood flow to tissue or organs; often used with reference to the heart.

Embolism

The sudden blockage of a blood vessel by an embolus, typically a blood clot, leading to potentially life-threatening conditions.

Myocardial Infarctions

A medical term used for a heart attack, which occurs when blood flow to a part of the heart is blocked for a long enough time that part of the heart muscle is damaged or dies.