ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Q29

The Competition Bureau in Canada wants to increase competition and reduce monopoly power. Thus it it worries about industry concentration in Canada. If  Canada's cement mixing business is a covert cartel that is trying to reduce output and raise prices, other things equal, the cement mixing cartel in Canada and similar collusive arrangements are easier to establish and maintain:

Multiple Choice
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    during periods of cyclical stability and full employment in Canada.
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    when the demand and cost conditions of the participating firms in Canada's cement mixing business differ substantially.
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    when there are ample opportunities for the firms in Canada's cement mixing businessto make secret price concessions to selected buyers.
  •  
    when the number of firms Canada's cement mixing businessin is relatively large.
  •  
    if they can communicate over the internet.
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