23) A concentrated industry has that dominate a market. A) a large number of firms B) three or fewer firms C) a relatively small number of firms D) an infinite number of firms 24) If the government stops enforcing its collusion laws and oligopolies are now able to collud they will the price charged and the total output produced. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease 25) The price-leadership moderassumes a dominant firm allows the smaller firms to sell at the price the leader has set. A) any quantity they choose B) no output C) only the quantity of output chosen by the dominant firm D) a pre-negotiated quantity Activate Windows Go to Settings to activate Window