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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 51
Which statement about oligopolies is false?
A) They operate at the minimum points of their ATC curves.
B) They charge higher prices than perfect competitors.
C) They make profits in the long run.
D) They cannot legally form cartels in the United States.
A) They operate at the minimum points of their ATC curves.
B) They charge higher prices than perfect competitors.
C) They make profits in the long run.
D) They cannot legally form cartels in the United States.
Explanation
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While cartelization is illegal, it is se...
Microeconomics 9th Edition by Stephen Slavin
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