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If Both Firms in a Duopoly Cheat on a Collusive

question 51

Multiple Choice

If both firms in a duopoly cheat on a collusive agreement, the price ________ and both firms are ________.


Definitions:

Inflammation

The body's immune response to infection or injury, characterized by redness, heat, swelling, and pain.

Ecchymosis

A discoloration of the skin resulting from bleeding underneath, typically caused by bruising.

Leukoderma

a skin condition characterized by localized or widespread loss of pigmentation, resulting in white patches on the skin.

Keloid

A form of scar that grows excessively, often larger than the original wound, due to an overproduction of collagen.

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