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QUESTION 3 When firms decide to collude, no firm has an incentive todeviate from the deal. True False QUESTION 4 When firms decide to collude,
QUESTION 3
When firms decide to collude, no firm has an incentive todeviate from the deal.
True
False
QUESTION 4
When firms decide to collude, they are in effect agreeing to actas a monopolist.
True
False
QUESTION 5
The monopolist outcome results in less output and lessefficiency than the Cournot outcome.
True
False
QUESTION 6
The perfectly competitive outcome results in more output andless efficiency than the monopolist outcome.
True
False
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