Figure 8.9 -Consider Figure 8.9. Relative to the Dominant Strategy Outcome, Guaranteed

question 181

Multiple Choice

Figure 8.9
-Consider Figure 8.9. Relative to the dominant strategy outcome, guaranteed price fixing would lead to

• A) lower prices but higher profits.
• B) lower prices and lower profits.
• C) higher prices and higher profits.
• D) higher prices and lower profits.

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