-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

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Definitions:

Compilers

Programs that convert the source code written in a programming language into machine code that can be executed by a computer.

Structure

A compound data type in programming that allows for the combination of data items of different types.

Globally-defined Structure Type

A data structure whose type definition is accessible from any point in a program, allowing for the creation and manipulation of instances across different functions or modules.

Globally Defined Structure Type

A globally defined structure type in programming is a custom data type that is defined outside of any function or block, making it accessible throughout the program.