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:

Neuralgia

Neuralgia is a sharp, shocking pain that follows the path of a nerve and is due to irritation or damage to the nerve.

Severe Pain

A high intensity, distressing sensation of physical discomfort or suffering that significantly affects an individual's quality of life.

Involved Nerve

Refers to a nerve that is affected by or is contributing to a specific medical condition or injury.

Lumbar Puncture

The insertion of a needle between the vertebrae in the lumbar area for the purpose of withdrawing spinal fluid.