Answer to Question #105214 in Microeconomics for Nhlaphu Mulaudzi

Question

Questions:
1-Why would a firm increase the quantity of its output even though marginal cost is increasing?
2-What do you think is the main reason for joining and termination of membership by countries in OPEC (ORGANISATION OF THE PETROLEUM EXPORTING COUNTRIES)? (To answer this question ,reference must be made on the characteristics of Oligopoly and its demand curve). 6 marks

NB:reference
:citation (text reference)

Answer 1

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