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Pavlova-9 [17]
3 years ago
6

34. Which of the following statements is correct? a. If oligopolists successfully collude, then their combined output will be eq

ual to the output that would be observed if the market were a monopoly. b. Although the logic of self-interest decreases a oligpoly’s price below the monopoly price, it does not push the duopolists to reach the competitive price. c. Although the logic of self-interest increases a oligopoly’s level of output above the monopoly level, it does not push the oligopolists to reach the competitive level. d. All of the above are correct.
Business
1 answer:
grandymaker [24]3 years ago
5 0

Answer:

The correct answer is option d.

Explanation:

If oligopolists are able to collude successfully, they will be able to fix price and output similar to a monopoly.

In order to maximize profits, the oligopoly firms keep their prices higher than a perfectly competitive firm but lower than monopoly. The output level is kept higher than a monopoly firm but lower than a perfectly competitive firm.

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4 0
3 years ago
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snow_lady [41]

Answer:

Private individuals.

Explanation:

In a free enterprise system, the decisions about what and how many goods and services will be produced are made by private individuals.

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5 0
3 years ago
Suppose that summer in a resort town is very rainy. we can expect demand to shift _____ and the equilibrium price for hotels to
MAVERICK [17]
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5 0
4 years ago
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erma4kov [3.2K]

Answer:

The false statement is letter "D": Contracts that can be performed within one year.

Explanation:

The statute of frauds establishes contracts to be written for some agreements to be secured. It mainly applies to land sales and purchases of goods $500 (U.S. dollars) and above, but it is not limited to only those two kinds of transactions. The statute of frauds capitalizes that contracts cannot be completed in less than one year. In that sense, the option "D" is a false statement.

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