Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    When firms cooperate to raise their joint profits, they are necessarily
  2. 647

    Question

    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
    Use the information in the table below on market shares in the search engine industry and measures of market power (defined in Section 10) to determine which of the following statements are correct.
  3. Question

    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
    An agreement among several producers to restrict output and increase profit is necessary for
  4. Question

    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
    Oligopolists are tempted to produce more than the quantity that would maximize industry profits because when they increase output,
  5. Question

    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
    Which of the following will make it easier for firms in an industry to maintain positive economic profit?