In which of the following situations would each of the members be responsible for producing an equal share of the total amount of output sold by the cartel engaged in joint profit maximization?

a) when the amount of revenue generated by each member of the cartel is the same.

b) when there are no economies of scale in production.

c) when each member of the cartel is using the same scale of production.

d) when marginal costs of production are the same for each of the members of the cartel.

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.