For a Firm That Operates in an Input Market Cartel

question 81

Multiple Choice

For a firm that operates in an input market cartel that has successfully coordinated input prices among the cartel members,the marginal cost of the input:

• A)exceeds the input's price.
• B)is less than the input price.
• C)is constant and equals unity.
• D)is zero.

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Definitions:

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