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tacit collusion breaks down and prices collapse, the result is: a price war. formation of a cartel. price leadership. higher profits for the industry as a w

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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When tacit collusion breaks down and prices collapse, the result is: a price war. formation of a cartel. price leadership. higher profits for the industry as a whole.

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