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Business, 04.08.2020 18:01 chloe9869

In the cartel model Group of answer choices firms believe that price increases result in a very elastic demand, while price decreases result in an inelastic demand for their products. each firm acts as a price taker. one dominant firm takes the reactions of all other firms into account in its output and pricing decisions. firms coordinate their decisions to act as a multiplant monopoly.

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