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.Management Sciences
A. output in the market tends to fall because each firm must cut back on production
B. the price in the market moves further from marginal cost
C. collusion is more likely to occur because a larger number of firms can place pressure on any firm that defects
D. The price in the market moves closer to marginal cost
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- In a cartel member firms may be given a fixed amount to produce. This is called a ?
- A. Limit B. Factor C. Quota D. Quotient...
- The Kinked Demand curve theory assumes ?
- A. Firms cooperate B. Firms act as part of cartel C. Firms are competitive D. Firms are not profit maximisers...
- A model of Game theory of oligopoly is known as the ?
- A. Prisoner’s Dilemma B. Monopoly Cell C. Jailhouses Sentences D. Jury Box...
- In a cartel ?
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- A market structure in which many firms sell products that are similar but not identical is known as ?
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