If Duopolists Colluded but Then Stopped Colluding

question 75

Multiple Choice

If duopolists colluded but then stopped colluding,

• A)price and quantity would rise.
• B)price would rise and quantity would fall.
• C)price would fall and quantity would rise
• D)price and quantity would fall.

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Definitions:

Universal Instantiation

A logical rule of inference that allows for the deduction of specific instances from a universally quantified statement.

Existential Instantiation

A logical principle where from a general statement, one can infer the existence of at least one particular instance.

Universal Generalization

Universal generalization is a logical principle that allows one to infer that something is true for all members of a class from its being true for every observed member.

Quantifier Negation

The process of negating the quantifier in a logical expression, changing its scope or applying negation to the predicate instead.