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Author Question: Refer to the information provided in Figure 14.1 below to answer the question(s) that follow. Refer ... (Read 28 times)

littleanan

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on: Apr 19, 2019

Question 1

The oligopolistic model in which firms produce exactly the same results as would exist if a monopolist controlled the entire industry is called the ________ model.


◦ Cournot
◦ price leadership
◦ maximin strategy
◦ collusion

Question 2

Refer to the information provided in Figure 14.1 below to answer the question(s) that follow.










Refer to Figure 14.1. Six firms that produce chewing gum form a cartel. The cartel faces the market demand curve given by 
D. To maximize profits, the cartel should produce ________ packs of chewing gum and the price should be ________.


◦ 12,000; $.25
◦ 12,000; $.40
◦ 14,000; $.30
◦ 16,000; $.35
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by littleanan on Apr 19, 2019

mammy1697

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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littleanan

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Reply #2 on: Apr 19, 2019
Excellent


mammy1697

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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