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thanhha78 thanhha78
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6 years ago
Price-fixing by firms in an oligopoly is
A) more likely when firms must commit to a single pricing strategy for the lifetime of the firm.
B) more likely when neither firm chooses the low-price guarantee strategy.
C) more likely when the firms play a game repeatedly.
D) never sustainable because firms have an incentive to underprice each other.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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