Question

question 41
what is the incentive for a firm to join a cartel?
o to be able to earn larger profits than if it was not part of the cartel
o to produce a larger amount of output than if it was not part of the cartel
o to be able to earn profits in the long run but not in the short run
o to completely insulate itself from competition
question 42
publishers practice price discrimination when they sell books at high prices to
o local bookstores.
o large chain bookstores.
o online book sellers.
o early adopters.
question 43

Explanation:

For Question 41: A cartel allows firms to collude and restrict output to raise prices and increase profits. Firms join to earn larger profits. For Question 42: Price - discrimination involves charging different prices to different groups. Early adopters are often willing to pay more, so publishers may charge them higher prices.

Answer:

Question 41: to be able to earn larger profits than if it was not part of the cartel
Question 42: early adopters