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Author Question: A number of firms agreeing together to restrict output and thereby raise prices is known as (Read 61 times)

Rafic Kaaki

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on: Oct 12, 2022

Question 1

In the first half of the twentieth century, Joseph Schumpeter described a process of "creative destruction." A broadly similar phenomenon is occurring in the economy today, and we refer to it as
◦ globalization.
◦ disruptive technology.
◦ hollowing out.
◦ artificial intelligence.
◦ de-industrialization.

Question 2

A number of firms agreeing together to restrict output and thereby raise prices is known as
◦ a barrier to entry.
◦ an oligopoly.
◦ a cartel.
◦ a monopoly.
◦ a natural monopoly.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Rafic Kaaki on Oct 12, 2022

viper01

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Reply #1 on: Oct 12, 2022
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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Rafic Kaaki

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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