Business
Business, 18.12.2019 06:31, crosales102

Suppose that three oligopolistic firms are currently charging $12 for their product. the three firms are about the same size. firm a decides to raise its price to $18, and announces to the press that is doing so because high prices are needed to restore economic vitality to the industry. firms b and c go along with firm a and raise their prices as well. this is an example of:

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Suppose that three oligopolistic firms are currently charging $12 for their product. the three firms...

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