Multiple Choice
Collusion results when a group of firms
i.act separately to limit output,lower prices,and decrease economic profits.
ii.act together to limit output,raise prices,and increase economic profits.
iii.in the United States legally fix prices.
A) i only
B) ii only
C) iii only
D) i and iii
E) ii and iii
Correct Answer:
Verified
Correct Answer:
Verified
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