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Subject - Economics:

Microeconomics

MCQ - 84-4094

Question:

2 Dup 5 -47133736
If these firms do not collude, the outcome will be

  1. both firms maintain the status quo.
  2. both firms enter the market.
  3. Firm X enters the market and Firm Y maintains the status quo.
  4. both firms enter the market.
  5. both firms alternate between entering the market and maintaining the status quo.

Correct Answer: B

Explanation:

Entering is a dominant strategy for both firms.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: If these firms do not collude, the outcome will be , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 84-4094.

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