Question: For each proposition, considered independently: (a) State whether True or False. (b) Then explain your answer. Define the important terms in your explanation. B1. Technological

For each proposition, considered independently: (a) State whether True or False. (b) Then explain your answer. Define the important terms in your explanation.

B1. Technological superiority is an excellent way to obtain market dominance.

B2. The highest joint profits of a colluding oligopoly are the profits of a monopoly.

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