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Suppose That Sun Beach Only Has Three Movie Theaters

Question 77

Multiple Choice

Suppose that Sun beach only has three movie theaters.One movie theater decreases its movie ticket price and later that same day,the other two do the same.Which of the following is true?


A) This is illegal because the movie theater are colluding.
B) This is an example of explicit price fixing.
C) The first movie theater to lower price is probably the implicit price leader.
D) All of the above are true.

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