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Author Question: Consider the three largest cell-phone service providers in Canada - Bell, Telus, and Rogers. If we ... (Read 27 times)

heatherbabydoll1

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Question 1

A special kind of imperfectly competitive market that has only two firms is called
◦ a natural monopoly.
◦ an incidental monopoly.
◦ a dublet.
◦ a two-tier competitive structure.
◦ a duopoly.

Question 2

Consider the three largest cell-phone service providers in Canada - Bell, Telus, and Rogers. If we observe that all three companies increase their monthly service fees simultaneously, we might conclude that
◦ they are perfect competitors and they are unable to set the price.
◦ they are creating entry barriers to prevent entry by new firms.
◦ they are engaged in predatory pricing.
◦ these firms have monopolized the industry.
◦ there is tacit collusion among these firms.


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Marked as best answer by heatherbabydoll1 on Oct 12, 2022

aublw

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heatherbabydoll1

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Reply 2 on: Oct 12, 2022
Excellent


triiciiaa

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

 

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