Purchase Solution

Economics - Other

Not what you're looking for?

Ask Custom Question

In a two-firm oligopoly that has decided to jointly maximize profits, we would expect that the output:

Would be split fifty-fifty.

Would be greater than the monopoly quantity.

Would be set where the sum of their MC's equals to the industry's MR.

Would be determined by a federal mediator.

Purchase this Solution
Solution Summary

A Complete, Neat and Step-by-step Solution is provided.

Solution Preview

(a) is unlikely to happen because the profit will most likely be split by some measurement ...

Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

View More Free Quizzes
Related BrainMass Solutions

  • The Three Facets Of Economics

    Social economics can be related to other social sciences, due to the fact that social economics is affected by other social scientific factors.

  • Teaching loads and professors' salaries

    In the case of economics professors, their higher salaries could be due to a greater demand for economics classes than for other subjects, or a limited number of professors.

  • Concept of Scarcity Central to Economics

    It is making innovative products to satisfy the computing, entertainment and other needs of the people. How will they be produced? Apple can make products in US, China or in some other country. It can be in-house or outsourced.

  • The frequency distribution

    The responses of these students are as follows: Economics MIS Economics Business Business Business Business Other Other Other BS

  • Difference Between Positive and Normative Economics

    Positive economics can be tested for accuracy to put validity upon its claims. On the other hand, normative economics studies economics from a subjective perspective within its analysis.

  • Writing in Economics

    21 Economics Letters 22 Journal of Applied Econometrics 23 Journal of Economic Dynamics and Control 24 Journal of Labor Economics 25 Journal of Environmental Economics 26 Rand Journal of Economics 27 Scandinavian Journal of Economics 28 Journal

  • Economics: role in decisions

    Instead of doing degree from University of Phoenix online one can study from the any other universities like AIU online university or else one can utilize that time in doing any other thing.

  • Positive & Normative Economics and Market Efficiency Evolution

    The difference between positive economics and normative economics is that positive economics is related to description and explanation of economic happenings. On the other hand normative economics is related to passing value judgments.

  • Definition of economics

    4115 The definition of economics What is the definition of economics? Human beings are plagued with wants. They want, among other things, love, social recognition, material necessities and comfort.

  • Payment Systems

    94000 Payment Systems How has the country's payment systems in history embraced the health economics picture? 1. How has the country's payment systems in history embraced the health economics picture?

View More Related Solutions