Suppose research and development efforts are a critical part of the competition between the two firms in

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Suppose research and development efforts are a critical part of the competition between the two firms in an industry. If the firms could collectively curtail their R&D efforts, each could earn a greater profit. Would you expect that sustaining this type of collusion would be easy or hard?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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