Multiple Choice
In a particular town, Comvision and Veriview are the only two providers of cable TV service. Comvision and Veriview constitute a
A) duopoly, whether they collude or not.
B) cartel, whether they collude or not.
C) Nash industry, whether they collude or not.
D) monopolistically competitive market if they charge the same price.
Correct Answer:
Verified
Correct Answer:
Verified
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