Business, 25.03.2021 16:40 kamdenburr

Niceville, Ohio, only has two dentists, while the surrounding communities have many more on a per capita basis. The demand for dental services is such that these two dentists could agree to raise their prices (they play golf together every Saturday) and earn economic profit. Instead, they choose to price competitively and earn what other dentists earn. What might explain this

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Niceville, Ohio, only has two dentists, while the surrounding communities have many more on a per ca...