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Author Question: A successful and stable cartel can be established if there are A) many firms producing a storable ... (Read 68 times)

soccerdreamer_17

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on: Jul 1, 2018
A successful and stable cartel can be established if there are
 
  A) many firms producing a storable product.
  B) many firms producing a perishable product.
  C) a few firms producing a storable product.
  D) a few firms producing a perishable product.

Question 2

Under perfect competition
 
  A) information about prices is hard to obtain.
  B) there is a maximum number of firms that can enter the market.
  C) if a firm exits the market, price will rise.
  D) transaction costs are low.


patma1981

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

C

Answer to Question 2

D


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