Two Firms in a Collusive Duopoly That Have an Identical

question 16

Multiple Choice

Two firms in a collusive duopoly that have an identical and constant MC will each produce:

• A)one- half of the competitive output.
• B)the competitive output.
• C)the monopoly output.
• D)one- half of the monopoly output.

Recognize the role of achievement, passion, and motivation in leadership effectiveness.

Acknowledge the importance of adaptability and flexibility in leadership.

Understand the impact of humor and humility in effective leadership.

Recognize the importance of self-confidence and assertiveness in leaders.

---

Definitions:

Flexibility

The ability of a system or organization to quickly adapt to changes in demand, technology, environments, or internal processes without significant costs or delays.

Uncertainties

Refers to the unpredictability or lack of certainty in events, situations, or outcomes, often affecting decision-making processes especially in supply chain and finance.

Strategic Planning

The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.

Financial Planning

The process of developing strategies to manage finances, including income, expenses, savings, and investments, to achieve financial goals.