Business, 11.12.2019 02:31, myzirajackson39

Suppose that bieber and rihanna are duopolists in the music industry. in may, they agree to work together as a monopolist, charging the monopoly price for their music and producing the monopoly quantity of songs. by june, each singer is considering breaking the agreement. what would you expect to happen next?
a) bieber and rihanna will determine that it is in each singer's self interest to maintain the agreement.
b) bieber and rihanna will each break the agreement. both singers' profits will decrease.
c) bieber and rihanna will each break the agreement. both singers' profits will increase.
d) bieber and rihanna will each break the agreement. the new equilibrium quantity of songs will increase, and the new equilibrium price also will increase.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:30, gwendallinesikes

Select the correct answer. the word intestate means that a person has died with or without a will?

Answers: 1

continue

Business, 22.06.2019 17:30, katy9091

Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in

Answers: 1

continue

Business, 22.06.2019 19:00, FoxGirl1971

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool.

Answers: 2

continue

Business, 22.06.2019 20:10, spicee68003

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.

Answers: 1

continue

Do you know the correct answer?

Suppose that bieber and rihanna are duopolists in the music industry. in may, they agree to work tog...