MCQOPTIONS
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| 1. |
If oligopolists engage in collusion and successfully from a cartel, the market outcome is ? |
| A. | the same as if it were served by competitive firms |
| B. | efficient because cooperation improves efficiency |
| C. | the same as if it were served by a monopoly |
| D. | known as a Nash equilibrium |
| Answer» D. known as a Nash equilibrium | |