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Author Question: When firms act as if they had an agreement this is called (Read 19 times)

j.rubin

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on: May 25, 2020

Question 1

The market structure in which behaviour of any given firm depends on the behaviour of the other firms in the industry is
◦ oligopoly.
◦ monopolistic competition.
◦ monopoly.
◦ perfect competition.

Question 2

When firms act as if they had an agreement this is called
◦ tacit collusion.
◦ explicit quotas.
◦ a cartel.
◦ oligopoly.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by j.rubin on May 25, 2020

kingfahad97

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Reply #1 on: May 25, 2020
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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j.rubin

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

JaynaD87

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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