If multiple fırms colluding to charge higher prices would lead to higher profits than when competing with one another. What is the principle reason more firms don't partake in this behavior? It is illegal It is better to produce more goods than to raise prices. Competing actually leads to higher profits in the long run Firms value competition above profits.

If multiple fırms colluding to charge higher prices would lead to higher profits than when competing with one another. What is the principle reason more firms don't partake in this behavior? It is illegal It is better to produce more goods than to raise prices. Competing actually leads to higher profits in the long run Firms value competition above profits.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If multiple firms colluding to charge higher prices would lead to higher profits than when
competing with one another. What is the principle reason more firms don't partake in
this behavior?
It is illegal
It is better to produce more goods than to raise prices.
Competing actually leads to higher profits in the long run
O Firms value competition above profits.

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