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Suppose Tim and Kim make up an oligopoly. They have reached production agreements to divide the market. For Tim's firm, the output effect is estimated

Suppose Tim and Kim make up an oligopoly. They have reached production agreements to divide the market. For Tim's firm, the output effect is estimated to be greater than the price effect. There will be a tendency for Tim to: Group of answer choices a. increase output. b. decrease output. c. abide by the agreement. d. increase the price of the product

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