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Author Question: Compared to a cartel, firms in a Cournot Oligopoly A) make more joint profit. B) sell less ... (Read 113 times)

charchew

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Compared to a cartel, firms in a Cournot Oligopoly
 
  A) make more joint profit.
  B) sell less output.
  C) make less joint profit.
  D) act independently.

Question 2

In a perfectly competitive resource market the labor supply curve facing the single firm is
 
  A) vertical.
  B) horizontal.
  C) downward sloping.
  D) upward sloping.


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hanadaa

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