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Author Question: Which of the following is true? a. Price leadership is a form of explicit collusion. b. Price ... (Read 34 times)

rlane42

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on: Jun 30, 2018
Which of the following is true?
 a. Price leadership is a form of explicit collusion.
 b. Price leadership is more likely when there are a substantial number of roughly equally sized firms in oligopoly.
  c. A price leader is most likely to be a dominant firm in an industry.
 d. None of the above is true.

Question 2

The effects of asymmetric information in the car market can be weakened by:
 a. providing a warranty for the product.
  b. purchasing business interruption insurance.
  c. inserting a buyer beware clause in the agreement.
  d. buying a put option.


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wilsonbho

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

A


rlane42

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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