=+Note that the demand for each good depends only on the difference in prices; if the two

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=+Note that the demand for each good depends only on the difference in prices; if the two firms colluded and set the same price, they could make that price as high as they wanted, and earn infinite profits. Marginal costs are zero.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 07:00 AM

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=+Note that the demand for each good depends only on the difference in prices; if the two

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Microeconomics

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