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Author Question: Refer to the figure above. What is the quantity effect of a price increase from 3 to 5? A) 200 ... (Read 59 times)

jasdeep_brar

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Refer to the figure above. What is the quantity effect of a price increase from 3 to 5?
 
  A) 200
  B) 600
  C) 800
  D) 1,000

Question 2

Cartels display a pronounced tendency to disintegrate over time because
 
  A) increased profits induce laziness and carelessness among cartel members.
  B) nobody benefits in the long run from their operation since they merely redistribute wealth.
  C) their operation is so blatantly contrary to the public interest.
  D) there are so many margins on which competition can occur.



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kingfahad97

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Answer to Question 1

B

Answer to Question 2

D





 

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