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Author Question: The duopolists' dilemma occurs when firms in a duopoly coordinate their decisions to achieve the ... (Read 70 times)

lunatika

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on: Jun 29, 2018
The duopolists' dilemma occurs when firms in a duopoly coordinate their decisions to achieve the best possible outcome. Is the previous statement correct or incorrect? Why?
 
  What will be an ideal response?

Question 2

The deadweight loss due to a ________ is always smaller than the deadweight loss due to a ________.
 
  A) tax on each unit sold; per unit tax on each unit bought
  B) per unit tax on each unit sold; per unit tax on each unit bought
  C) tax on each unit sold; lump-sum tax
  D) lump-sum tax; tax on each unit bought


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lkoler

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is incorrect. The duopolists' dilemma occurs precisely because the firms do not coordinate their decisions and so the duopolists attain the worst combined outcome.

Answer to Question 2

D


lunatika

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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