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jujubee600 jujubee600
wrote...
Posts: 467
4 years ago

Question 1.

The price-leadership model assumes a dominant firm allows the smaller firms to sell ________ at the price the leader has set.



▸ any quantity they choose

▸ no output

▸ only the quantity of output chosen by the dominant firm

▸ a pre-negotiated quantity

Question 2.

Explicit price- and quantity-fixing agreements are a form of tacit collusion.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 73 times
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Answer verified by a subject expert
emr21emr21
wrote...
Posts: 373
4 years ago
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jujubee600 Author
wrote...
4 years ago
Good timing, thanks!
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