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Question Completion Status: QUESTION 7 3 When two firms decide to collude and form a cartel, this is an example of a Nash equilibrium. True

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Question Completion Status: QUESTION 7 3 When two firms decide to collude and form a cartel, this is an example of a Nash equilibrium. True False QUESTION 8 3.84 The basic assumptions of a perfectly competitive market are free entry, many consumers and producers, and homogeneous goods. True False QUESTION 9

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