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nguyenduong67 nguyenduong67
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6 years ago
If two firms use a tit-for-tat scheme to maintain cartel pricing and one firm chooses a high price in the current time period then
A) that firm will also choose a high price in the next time period.
B) that firm will also choose a low price in the next time period.
C) the other firm will choose a low price in the next time period.
D) the other firm will choose a high price in the next time period.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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nguyenduong67 Author
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6 years ago
Good timing, thanks!
smdavis
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Yesterday
Brilliant ツ
Goku935
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2 hours ago
This site is awesome
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