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lbelcher lbelcher
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5 years ago

Question 1.

If the government stops enforcing its collusion laws and oligopolies are now able to collude, they will ________ the price charged and ________ the total output produced.



▸ increase; increase

▸ increase; decrease

▸ decrease; increase

▸ decrease; decrease

Question 2.

In an oligopolistic industry where the oligopolists collude, the price firms charge would be ________, and the quantity they produce would be ________, if the industry was a monopoly.



▸ higher than; higher than

▸ lower than; lower than

▸ the same as; the same as

▸ higher than; lower than
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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cooldawg69cooldawg69
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lbelcher Author
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#2
5 years ago
You make an excellent tutor!
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