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Author Question: The tit-for-tat strategy implies that the firms a. in non-competitive industries match price ... (Read 74 times)

javeds

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on: Jun 30, 2018
The tit-for-tat strategy implies that the firms
 a. in non-competitive industries match price increases but ignore price decreases
  b. will follow the lead of the dominant firm in making pricing decisions
  c. prices will change whenever fixed cost changes
  d. cooperate on the first round, and then follow your competitors reactions on the second round
  e. price will only change if demand changes

Question 2

Which of the following can be a renewable resource?
 a. oil
  b. timber
  c. coal
  d. iron ore
  e. uranium


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wtf444

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


javeds

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Excellent

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