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Figure 11-12 -If the Firms in This Oligopolistic Industry Depicted in Figure

Question 171

Multiple Choice

Figure 11-12
Figure 11-12 -If the firms in this oligopolistic industry depicted in Figure 11-12 can collude effectively and restrict the entry of potential competitors,the price of their product will tend to be A) greater than P₂. B) close to P₂. C) approximately equal to P₁. D) less than P₁.
-If the firms in this oligopolistic industry depicted in Figure 11-12 can collude effectively and restrict the entry of potential competitors,the price of their product will tend to be


A) greater than P₂.
B) close to P₂.
C) approximately equal to P₁.
D) less than P₁.

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