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Author Question: Relative to a competitively organized industry, firms acting collusively are more likely to produce (Read 32 times)

karen

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on: Apr 19, 2019

Question 1

Relative to a monopolized industry, a competitively organized industry is more likely to produce


◦ more output, charges higher prices, and earns economic profits.
◦ more output, charges lower prices, and earns economic profits.
◦ more output, charges lower prices, and earns only a normal profit.
◦ less output, charges higher prices, and earns economic profits.

Question 2

Relative to a competitively organized industry, firms acting collusively are more likely to produce


◦ more output; charge higher prices, and earn economic profits.
◦ less output, charge lower prices, and earn economic profits.
◦ less output, charge lower prices, and earn only a normal profit.
◦ less output, charge higher prices, and earn economic profit.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by karen on Apr 19, 2019

tjayeee

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Reply #1 on: Apr 19, 2019
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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karen

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

TheDev123

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

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