Which of the Following Is a Consequence of Oligopolist Hotdog

question 94

Multiple Choice

Which of the following is a consequence of oligopolist hotdog vendors on the beach failing to cooperate with one another on the quantity of hotdogs they should sell?
(i) the quantity supplied to the market will be closer to the socially optimal level
(ii) the invisible hand of the market will help to allocate resources more efficiently
(iii) markets will become less competitive

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(iii) only

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