Author Question: If the firms in an oligopoly collude, the results will approximate what other type of industry? a. ... (Read 34 times)

CQXA

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If the firms in an oligopoly collude, the results will approximate what other type of industry?
 a. perfect competition
 b. monopolistic competition
  c. monopoly
 d. none of the above

Question 2

Which of the following may require the parties to renegotiate certain parts of a contract if market conditions change drastically?
 a. Termination clause
  b. Omnibus clause
  c. Adjustment clause
  d. Reopener clause



matt

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Answer to Question 1

c

Answer to Question 2

D



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