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Author Question: An imperfectly competitive industry is often allocatively inefficient when compared to the ... (Read 78 times)

dabomba718

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on: Oct 12, 2022

Question 1

Suppose Proctor and Gamble introduces a new brand of laundry detergent. Brand proliferation is an example of
◦ explicit collusion.
◦ a Nash equilibrium.
◦ tacit collusion.
◦ a firm-created barrier to entry.
◦ a cooperative outcome.

Question 2

An imperfectly competitive industry is often allocatively inefficient when compared to the performance of a competitive industry, because imperfect competitors
◦ make profits.
◦ set price above the marginal cost.
◦ operate in the global economy.
◦ maximize profits.
◦ obtain economies of scale.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dabomba718 on Oct 12, 2022

Spike8502

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dabomba718

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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