Business, 04.12.2019 01:31 santiagohgonzales
True or false: based on the fact that both felix and janet increased production from the initial cartel quantity, you know that the output effect was larger than the price effect at that quantity.
note that felix and janet started by behaving cooperatively. however, once felix decided to cheat, janet decided to cheat as well. in other words, janet's output decisions are based on felix's actions.
Answers: 3
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