Answered

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According to the ________ cheating model, assuming little or no product differentiation among a small number of firms, if one firm decides to cheat on a collusive agreement by reducing its prices, others will as well and, in the long run, firms in this industry will earn no economic profits.

a) Cournot
b) Edgeworth
c) Stackelberg
d) Bertrand

Sagot :

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