EBK ECONOMICS: PRINCIPLES AND POLICY
13th Edition
ISBN: 8220100605932
Author: Blinder
Publisher: Cengage Learning US
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Chapter 12, Problem 8DQ
To determine
The classification of contestable market.
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Which factor would make it difficult for Georgia peach suppliers to collude?
Select one:
a. each supplier having the same costs
b. only a few suppliers
c. buyers of peaches having very little bargaining power since peaches are homogeneous
d. only a few buyers of peaches
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