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Author Question: Which of the following conditions can help prolong the life of a cartel? A) There are only a few ... (Read 160 times)

cartlidgeashley

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Which of the following conditions can help prolong the life of a cartel?
 
  A) There are only a few firms in the market and they all belong to the cartel.
  B) There are many firms in the market that are not members of the cartel.
  C) It is difficult to know what price any cartel member is actually charging.
  D) The cartel has no ability to punish members who cheat on the cartel.

Question 2

Which auctioned good is more likely to have a common value across potential bidders?
 
  A) a truckload of baseball memorabilia
  B) a Monet painting
  C) a customized car
  D) timber


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Smiles0805

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cartlidgeashley

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


debra928

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Reply 3 on: Yesterday
Excellent

 

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