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.Management Sciences
A. players are better of to act independently
B. monopoly is better than competition
C. people will always cheat
D. players are better off if they co-operate
Related Mcqs:
- The law of demand states that an increases in the price of a good ?
- A. None of these answers B. decreases the quantity supplied of that good C. decreases the quantity demanded for that good D. increases the quantity supplied of that good...
- A shift is demand will have more effect on price than quantity if ?
- A. The price elasticity of supply is price inelastic B. The price elasticity of supply is price elastic C. The price elasticity of supply is perfectly elastic D. The price elasticity of supply is infinity...
- A monopoly may be self-perpetuating because profits may be used for ?
- A. research B. cost-saving C. technical advance D. all of the above...
- A shift in supply will have a bigger effect on price than output if demand is ?
- A. income elastic B. income inelastic C. Price elastic D. Price inelastic...
- An example of an indirect tax is ?
- A. VAT B. inheritance tax C. income tax D. a tax on profits...
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