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Author Question: In which of the following market structures with two identical firms do both firms produce more than ... (Read 88 times)

ereecah

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  • Posts: 530
on: Jul 1, 2018
In which of the following market structures with two identical firms do both firms produce more than the Cournot outcome?
 
  A) Stackelberg Oligopoly
  B) Cartel
  C) Perfect Competition
  D) None of the above

Question 2

The position of a cartel will become weaker if there is ________ excess-capacity among the firms belonging to the cartel.
 
  A) minimum
  B) no
  C) zero
  D) high


raenoj

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

C

Answer to Question 2

D


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