Mod 64 Practice Quiz
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1. When firms cooperate to raise their joint profits, they are necessarily *
1 point
2. Which of the following is most important to oligopoly firms? *
1 point
3. An agreement among several producers to restrict output and increase profit is necessary for *
1 point
4. Oligopolists engage in which of the following types of behavior? I. quantity competition II. price competition III. cooperative behavior *
1 point
5. Which of the following will make it easier for firms in an industry to maintain positive economic profit? *
1 point
APPLICATION: EU vs. Google
Should the EU have fined Google $5,000,000,000? *
Explain your position for the answer above. USE ECONOMIC THINKING *
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