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Business, 24.04.2020 22:43 eden1017

If the several companies in the tobacco industry produce similar products but have very different marginal costs: they are more likely to engage in tacit collusion than firms with similar costs. output of tobacco products is more likely to be near the monopoly level than in an industry whose firms have similar costs. prices for tobacco products are more likely to be near the monopoly level than in an industry whose firms have similar costs. they are less likely to engage in tacit collusion than firms with similar costs.

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