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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Many plumbers charge the same price for coming to your house to fix a kitchen sink. Is this because plumbers are colluding?

To determine

Explain the reason for charging the same price.

Explanation

The answer can vary. Charging the same price by all plumbers may be due to the collusion. But it does not mean t...

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