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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
When competing firms set prices with attention to the prices set by their competitors, the demand curve faced by each firm
A) becomes indeterminate.
B) becomes less elastic.
C) becomes more elastic.
D) shifts toward the northeast.
E) shifts toward the southwest.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 289 times
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Answer verified by a subject expert
SmooothSmoooth
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Posts: 5500
8 years ago
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Sublight2097 Author
wrote...
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
8 years ago
Don't mention it Happy Dummy
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