Whenever a Cartel in a Duopoly Breaks Down,​

question 203

Multiple Choice

Whenever a cartel in a duopoly breaks down,​

• A)​both firms obtain higher profits.
• B)​total output in the market will rise.
• C)​price in the market will rise.
• D)​the socially optimal output will be produced.

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Definitions:

Performance Opportunity

A chance or situation in which an individual or organization can demonstrate its capabilities or improve its performance.

Performance Deficiency

A situation where an individual's or an entity's output fails to meet the expected or required standards.

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