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Census data clearly shows the United States economy is becoming increasingly more

Census data clearly shows the United States economy is becoming increasingly more
                            oligopolistic.

22.              U.S. industry is much more concentrated than other leading industrial nations of the
                            world.

23.              The formation of cartels in the U.S. is illegal.

 

24.              Price and concentration ratios are inversely related.

 

25.              The formation of cartels is illegal in all countries of the world.

 

26.              The concentration ratio of a monopoly industry is 100 percent.

 

27.              Prices in an oligopoly industry tend to be higher than in a competitive industry.

 

28.              Price discrimination is illegal in the United States

 

29.              Most cartels self-destruct because cartel members cheat.

 

30.              Game theory is most useful as a technique to model monopolistically competitive
                            oligopolies.

Dec 12 2019 View more View Less

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