Q. suppose that there are 50 identical producers in the world market for this product. Each firm produces at a total cost of TC=10q+0.5q. The world market demand curve is given by P=50-0.05Q.
suppose they all indeed form a cartel. What would be the cartel price cartel output and individual firm's quota?
Q. Elucidate why does sex discrimination seem to persist on Wall Street in spite of the negative publicity of lawsuits and monetary costs of settlement?