Which of the following factors make it more likely that oligopolists will play noncooperatively? Which make it

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Which of the following factors make it more likely that oligopolists will play noncooperatively? Which make it more likely that they will engage in tacit collusion? Explain.

a. Each oligopolist expects several new firms to enter the market in the future.

b. It is very difficult for a firm to detect whether another firm has raised output.

c. The firms have coexisted while maintaining high prices for a long time.

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Microeconomics

ISBN: 9781319245283

6th Edition

Authors: Paul Krugman Robin Wells

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Question Posted: Mar 09, 2024 06:04 AM

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Which of the following factors make it more likely that oligopolists will play noncooperatively? Which make it

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a Future entry by several new firms will increase competition and dr...View the full answer

Microeconomics

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