[Answered] A group of firms that agree to coordinate their production and pricing decisions to reap monopoly ...

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renzo156

Hero Member
Posts: 526

on: Jun 30, 2018

A group of firms that agree to coordinate their production and pricing decisions to reap monopoly profit is called an oligopoly.
a. True
b. False

Question 2

An individual who drives a car without a muffler in an attempt to increase fuel economy is creating
a. a positive externality
b. a public good
c. a negative externality
d. a winner's curse
e. vertical inequity

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Marked as best answer by a Subject Expert

owenfalvey

Sr. Member
Posts: 337

Reply #1 on: Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

C

renzo156

Hero Member
Posts: 526

Reply #2 on: Jun 30, 2018

Correct answers!

owenfalvey

Sr. Member
Posts: 337

Reply #3 on: Jun 30, 2018

Great! Please up vote

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