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Author Question: An imperfectly competitive industry is often allocatively inefficient when compared to the ... (Read 80 times)

dabomba718

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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.


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Marked as best answer by dabomba718 on Oct 12, 2022

Spike8502

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dabomba718

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Reply 2 on: Oct 12, 2022
:D TYSM


daiying98

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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