The Table Below Shows Annual Profits Received by Two Oligopolists

question 1

Multiple Choice

The table below shows annual profits received by two oligopolists, Alpha and Beta, depending on whether each company decides whether to live within the collusive agreement they have signed to charge a high price, or to cheat and charge a lower price.

$\begin{array}{}& \text {beta's Strategies }\\ \text {AlPHA'sStrategies }&\begin{array}{|l|c|c|}\hline & \begin{array}{c}\text { Don't } \\\text { }\end{array} & \text { Cheat } \\\hline \text { Don'tCheat} & \begin{array}{c}\text { B: } \$ 5 \mathrm{~m} \\\text { A: } \$ 5 \mathrm{~m}\end{array} & \begin{array}{c}\text { B: } \$ 6 \mathrm{~m} \\\text { A } \$ 3 \mathrm{~m}\end{array} \\\hline & \begin{array}{c}\text { B: } \$ 3 \mathrm{~m}\end{array} & \text { B: } \$ 4 \mathrm{~m} \\ \text { Cheat } & \$ 6 \mathrm{~m} & \text { A: } \$ 4 \mathrm{~m} \\\hline\end{array}\\\end{array}$
-Anti-combines legislation in Canada was largely unsuccessful prior to 1986 because:

• A)it combined criminal and civil provisions
• B)Canadian governments placed supreme importance on domestic competition
• C)its penalties were too extreme
• D)it was difficult to establish the guilt required to prove a criminal offence
• E)it led to so many convictions that it became highly controversial

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Definitions:

Tunica Media

The middle layer of the wall of blood vessels, made up of smooth muscle cells and elastic fibers.

Tunica Externa

The outermost layer of a blood vessel, composed of connective tissue, which provides structural support and flexibility.

One-Way Valves

Valves, particularly found in the veins and heart, that allow blood to flow in one direction and prevent backflow.

Dorsalis Pedis Artery

The artery that supplies blood to the surface of the foot, located on the top of the foot.