Collusion always involves firms engaging in a
A. noncooperative game.
B. cooperative game.
C. vertical merger.
D. horizontal merger.
Answer: B
You might also like to view...
Ginger bought a phone that came with a $10 rebate. Ginger should fill out and mail in the rebate form if:
A. Ginger's surplus from purchasing the phone was less than $10. B. the opportunity cost of the time and trouble of sending in the rebate form is more than $10. C. the opportunity cost of the time and trouble of sending in the rebate form is less than $10. D. she would have bought the phone without the rebate, and so sending in the rebate form involves no opportunity cost.
Technological advances will cause the supply curve to:
A. shift to the left. B. become steeper. C. become flatter. D. shift to the right.
As compared to the basic Nash-Cournot equilibrium for duopolists where the firms face the same market demand curve and have identical costs, in the situation where the firms produce products which are viewed by consumers as not being identical,
A) there will generally be different prices charged by the two firms. B) there will generally be different quantities produced by the two firms. C) one or both of the firms may practice spurious differentiation. D) All of the above.
Suppose there is a firm that has no fixed costs. At the point where marginal cost equals average variable cost,
a. fixed cost is rising b. marginal cost is rising c. average total cost is rising d. average variable cost is falling e. there is no total cost