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Author Question: Implicit collusion, where players do NOT have an explicit agreement A) are strictly prohibited ... (Read 90 times)

fox

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on: Jul 1, 2018
Implicit collusion, where players do NOT have an explicit agreement
 
  A) are strictly prohibited under antitrust laws.
  B) are not strictly prohibited under antitrust laws.
  C) results in cheating.
  D) maximizes total surplus in the market.

Question 2

A firm that generates zero economic profit usually faces
 
  A) negative business profit.
  B) zero business profit.
  C) positive business profit.
  D) business profit equal to half the total revenue.


bimper21

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


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