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1.If Gulfstream and Bombardier, both producers of upscale jet airplanes, were to collude rather than compete, consumers could expect: A.Higher prices and lower quantities offered

1.If Gulfstream and Bombardier, both producers of upscale jet airplanes, were to collude rather than compete, consumers could expect:

A.Higher prices and lower quantities offered for sale.

B.Lower prices and lower quantities offered for sale.

C.Higher prices and higher quantities offered for sale.

One firm to emerge as the price leader in the oligopoly.

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