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In a Duopoly with a Collusive Agreement and in a One-Time

Question 254

Multiple Choice

In a duopoly with a collusive agreement and in a one-time only game, a firm's profit is largest if it ________ the agreement and if the other firm ________ the agreement.


A) complies with; complies with
B) complies with; cheats on
C) cheats on; complies with
D) cheats on; cheats on

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