Collusive pricing - Study guides, Class notes & Summaries
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WGU; C200; Global Economics; Chapter 11. Exam Questions and answers, 100% Accurate. VERIFIED 2024
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Beyond the enforcement of antitrust laws, collusion often fails because: 
a. collusion is inherently wrong and unethical. 
b. colluding parties refuse to accept lower profits. 
c. it has incentive problems associated with the "prisoners' dilemma." 
d. colluding parties do not like each other. - -it has incentive problems associated with the "prisoners' 
dilemma." 
Which of the following are example(s) of explicit collusion? 
a. Signaling to competitors to reduce output. 
b. Directly negoti...
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PCE 9B Exam Questions with Correct Answers
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PCE 9B Exam Questions 
with Correct Answers 
 
oligopolies typically are not desirable because they - ANSWER do not achieve 
allocative efficiency because their price exceeds marginal cost 
by changing their advertising and _pricing_ strategies, firms competing in an oligopoly 
can affect profits and influence the profits of rivals - ANSWER pricing 
price leaders make price adjustments - ANSWER infrequently, due tot he 
uncertainty in rivals' response to these price changes 
by communicating im...
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(Top 2024/2025 EXAM REVIEW PAPER ) WGU; C200; Global Economics; Chapter 11. Exam Questions and answers, 100% Accurate. VERIFIED.
- Exam (elaborations) • 6 pages • 2023
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WGU; C200; Global Economics; Chapter 
11. Exam Questions and answers, 100% 
Accurate. VERIFIED. 
Beyond the enforcement of antitrust laws, collusion often fails because: 
a. collusion is inherently wrong and unethical. 
b. colluding parties refuse to accept lower profits. 
c. it has incentive problems associated with the "prisoners' dilemma." 
d. colluding parties do not like each other. - -it has incentive problems associated with the "prisoners' 
dilemma." 
Which of the following a...
-
PCE 9B Exam Questions with Correct Answers
- Exam (elaborations) • 5 pages • 2024
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PCE 9B Exam Questions with Correct Answers 
 
 
allocative efficiency because their price exceeds marginal cost 
 
by changing their advertising and _pricing_ strategies, firms competing in an oligopoly can affect profits and influence the profits of rivals - ANSWER	pricing 
 
price leaders make price adjustments - ANSWER	infrequently, due tot he uncertainty in rivals' response to these price changes 
 
by communicating impending price adjustments to the industry 
 
by establishing a price that...
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PCE 9B Exam Questions with Correct Answers
- Exam (elaborations) • 5 pages • 2024
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PCE 9B Exam Questions 
with Correct Answers 
 
oligopolies typically are not desirable because they - ANSWER do not achieve 
allocative efficiency because their price exceeds marginal cost 
by changing their advertising and _pricing_ strategies, firms competing in an oligopoly 
can affect profits and influence the profits of rivals - ANSWER pricing 
price leaders make price adjustments - ANSWER infrequently, due tot he 
uncertainty in rivals' response to these price changes 
by communicating im...
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BEC CPA Exam Review 2023 With 100% Correct Answers
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Demand Curve Shift Upward (direct relationship-positive shift) - Correct Answer - The 
price of subsitute goods, expectations of price changes, income for normal goods, and 
extent of market 
Demand Curve Shift Downward (inverse relationship-neg. shift) - Correct Answer - The 
price of complement good, income for inferior goods, and consumer boycotts 
SWOT analysis - Correct Answer - strengths, weaknesses, opportunities, threats 
Three common measures of price inflation: - Correct Answer - 1. Th...
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BEC CPA Exam Review 2023 With 100% Correct Answers
- Exam (elaborations) • 13 pages • 2024
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Demand Curve Shift Upward (direct relationship-positive shift) - Correct Answer - The 
price of subsitute goods, expectations of price changes, income for normal goods, and 
extent of market 
Demand Curve Shift Downward (inverse relationship-neg. shift) - Correct Answer - The 
price of complement good, income for inferior goods, and consumer boycotts 
SWOT analysis - Correct Answer - strengths, weaknesses, opportunities, threats 
Three common measures of price inflation: - Correct Answer - 1. Th...
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BEC CPA Exam Review ALL SOLUTION 100% CORRECT SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+
- Exam (elaborations) • 13 pages • 2023
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Demand Curve Shift Upward (direct relationship-positive shift) 
The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market 
Demand Curve Shift Downward (inverse relationship-neg. shift) 
The price of complement good, income for inferior goods, and consumer boycotts 
SWOT analysis 
strengths, weaknesses, opportunities, threats 
Three common measures of price inflation: 
1. The Consumer Price Index (CP) 
2. The Producer Price Index (PPI) 
3. The GDP ...
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PCE 9B Exam Questions with Correct Answers (1)
- Exam (elaborations) • 5 pages • 2024
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PCE 9B Exam Questions with Correct Answers (1) 
 
by changing their advertising and _pricing_ strategies, firms competing in an oligopoly can affect profits and influence the profits of rivals - ANSWER	pricing 
 
price leaders make price adjustments - ANSWER	infrequently, due tot he uncertainty in rivals' response to these price changes 
 
by communicating impending price adjustments to the industry 
 
by establishing a price that discourages new entrants into the industry 
 
in the graph, the ...
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Edexcel A Level Microeconomics 2022|2023 latest updated
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Edexcel A Level Microeconomics 2022|2023 latest updated 
Factors influencing demand for labour 
Demand for final product - if rise in output > increase in productivity 
 
Relative productivity of labour to capital - substitution effect 
£3,000 subsidy for hiring unemployed 18-24 y.o. = half UK's youth minimum wage 
 
 
 
Factors influencing supply of labour 
Cost of living 
 
Cost of gaining skills 
UK uni fees capped at £9,250 per year 
 
Number of workers 
UK raises state pension age fro...
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