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Author Question: ________ is a group of firms colluding to make price and output decisions. (Read 88 times)

acc299

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on: Apr 19, 2019

Question 1

Assume that firms in an oligopoly are currently colluding to set price and output to maximize total industry profit. If the government forces the oligopolists to stop colluding, the price charged by the oligopolies will ________ and the total output produced will ________.


◦ increase; increase
◦ increase; decrease
◦ decrease; increase
◦ decrease; decrease

Question 2

________ is a group of firms colluding to make price and output decisions.


◦ A concentrated industry
◦ An oligopoly
◦ A cartel
◦ Price leadership
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by acc299 on Apr 19, 2019

stano32

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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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acc299

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Reply #2 on: Apr 19, 2019
TY


stano32

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Reply #3 on: Apr 19, 2019
You're welcome


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