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Author Question: If a cartel is unable to monitor its members and punish those firms that violate the agreement, then ... (Read 287 times)

Lisaclaire

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on: Jul 1, 2018
If a cartel is unable to monitor its members and punish those firms that violate the agreement, then
 
  A) the member firms will each act as price setters.
  B) the cartel will prosper in the long run.
  C) the market will become a monopoly.
  D) the cartel will fail.

Question 2

Which auctioned good is more likely to have different private values across potential bidders?
 
  A) a truckload of sand
  B) a Monet painting
  C) a brand new car
  D) a gold bar
Microeconomics ¦ Perloff ¦ 8th Edition
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briseldagonzales

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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Lisaclaire

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Reply #2 on: Jul 1, 2018
Thank you :)


briseldagonzales

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Reply #3 on: Jul 1, 2018
Happy to help you


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