MICROECONOMICS-ACCESS CARD <CUSTOM>
MICROECONOMICS-ACCESS CARD <CUSTOM>
11th Edition
ISBN: 9781266285097
Author: Colander
Publisher: MCG CUSTOM
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Chapter 15.1, Problem 1Q
To determine

Strategic decisions of firms.

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If the firms in a monopolistically competitive market are earning economic profits or losses in the short run, would you expect them to continue doing so in the long run? Why?
Should competitors work together in an oligopolistic market?what is it called if they do,and is it legal?
How do firms in an oligopolistic market set their prices? Use specific examples from the simulations or from the textbook to support your claims
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