Correct Answer price would be below average cost Question 20 4 out of 4 points

Correct answer price would be below average cost

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Correct Answer:
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price would be below average cost. Question 20 4 out of 4 points Some market conditions make cartels MORE likely to succeed in collusion. Which of the following will make collusion more successful? Selected Answer: The orders are small and frequent Correct Answer: The orders are small and frequent Question 21 4 out of 4 points Barometric price leadership exists when Selected Answer: one firm in the industry initiates a price change and the others follow it as a signal of changes in cost or demand in the industry. Correct Answer: one firm in the industry initiates a price change and the others follow it as a signal of changes in cost or demand in the industry. Question 22 4 out of 4 points Some industries that have rigid prices. In those industries, we tend to Selected Answer: find that output varies greatly over the business cycle Correct Answer: find that output varies greatly over the business cycle Question 23 4 out of 4 points In a kinked demand market, whenever one firm decides to lower its price, Selected Answer: other firms will automatically follow. Correct Answer: other firms will automatically
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follow. Question 24 4 out of 4 points A(n) ____ is characterized by a relatively small number of firms producing a product. Selected Answer: oligopo ly Correct Answer: oligopo ly Question 25 4 out of 4 points The existence of a kinked demand curve under oligopoly conditions may result in Selected Answer: price rigidity Correct Answer: price rigidity Friday, September 2, 2016 4:29:19 PM EDT
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