If Oligopolists Engaged in Some Sort of Collusion, Industry Output

question 99

Multiple Choice

If oligopolists engaged in some sort of collusion, industry output would be __________ and the price would be __________ than under perfect competition.

• A)smaller, lower
• B)smaller, higher
• C)smaller, no different
• D)greater, lower
• E)greater, higher

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Definitions:

Eating Out

Refers to the activity of dining in restaurants or other food establishments rather than at home.

Carb-Friendly

A term used to describe foods that are low in carbohydrates, catering to diets that restrict carb intake for health or weight loss reasons.

Authenticity

The quality of being genuine, real, or authentic, often considered as a valuable trait for products, services, and experiences in various industries.

Nutritional Characteristics

The attributes of food that relate to its nutrient content and impact on health, including vitamins, minerals, calories, and fat content.