Under What Conditions Would It Be Legal for Two Bakeries

question 66

Multiple Choice

Under what conditions would it be legal for two bakeries in a small country town to explicitly agree to raise their prices by 5 per cent?

• A) Never.
• B) If the price rise did not harm consumers in the long run by reducing competition.
• C) If the price rise was necessary to keep one or both bakeries from closing.
• D) If the price rise was not predatory.
• E) If the price rise did not measurably increase producer surplus.

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