If Duopoly Firms That Are Not Colluding Were Able to Successfully

question 181

Multiple Choice

If duopoly firms that are not colluding were able to successfully collude, then

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

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Definitions:

Overall Strategy

A comprehensive plan that outlines an organization's major goals and how it plans to achieve them over a long period.

Primary Activities

Activities in the value chain that are directly involved in the creation of a product or service, transformation, delivery, and after-sales service.

Information Management

The process of collecting, storing, managing, and distributing information in an effective and secure manner.

Process Improvement

The proactive task of identifying, analyzing, and improving upon existing business processes within an organization to optimize performance or meet new quotas or standards.