e Limit: 1:50:00 Time Left:1:47:30 Eva ONDONGO NGALA: Attempt 1 ge 1: It Is tial uoInmate me market. Question 4 (5 points) Match the term that best fits with each statement. 1. When firms act together to reduce output 00 and keep prices high it is called kinked demand curve 2. Prisoner's Dilemma is a scenario in which the gains from are larger than the purchases rewards from pursuing self-interest. collusion 3. The _ in which competing oligopoly firms commit to match price cuts, but not price increases. co cooperation A occurs when two formerly separate firms combine to become a single firm. corporate merger 5. An acquisition is when one firm another 24 Question 5 (5 points) Match the term that best fits with each statment. MacBook Pro