10.
As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in:
A.
Both output and prices
B.
Output and a decrease in prices
C.
Prices and a decrease in output
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Ans: C; as the companies agree to restrict output, market price will rise above average total cost and joint economic profits will accrue.
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发表于 2013-9-14 09:17
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