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Australian -There Are Two Can Companies, Australian and National, Which Have

Question 101

Multiple Choice

Australian
Australian    -There are two can companies, Australian and National, which have entered into a collusive agreement. The payoff matrix of economic profits is above. If National is able to cheat on the agreement but Australian complies with the agreement, what amount of economic profit is made by National? A)  $3,000 B)  $2,000 C)  $6,000 D)  $4,000
-There are two can companies, Australian and National, which have entered into a collusive agreement. The payoff matrix of economic profits is above. If National is able to cheat on the agreement but Australian complies with the agreement, what amount of economic profit is made by National?


A) $3,000
B) $2,000
C) $6,000
D) $4,000

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