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Unformatted text preview: d. Both a and b 3. When firms in an oligopoly collude, they form a a. team b. tax shelter c. cartel d. perfectly competitive firm 4. When there are negative production externalities in a market, at the market equilibrium level of output a. MB = MSC b. MB > MSC c. MB < MSC d. allocative efficiency is satisfied 5. The next Econ 251 lecture will be a. Tuesday, November 20 b. Thursday, November 22 c. Tuesday, November 27 d. Tuesday, December 4...
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This note was uploaded on 04/27/2011 for the course ECON 251 taught by Professor Blanchard during the Spring '08 term at Purdue University-West Lafayette.
- Spring '08