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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #726433
Introduction to Economics 1 Deneme Sınavı Sorusu #726433
Which of the following statements does not refer to a result caused when firms do not cooperate but instead selfishly pursue their own interests?
They lose money. |
The general outcome is worse. |
Consumers benefit from the situation. |
Market is good neither for the firms nor the customers. |
Total quantity increases. |
Yanıt Açıklaması:
When firms do not cooperate with each other and selfishly pursue their own interests, they end up at an outcome worse for them than the cartel/collusion outcome. Hence, when firms act independently and compete, they lose; but consumers and society as a whole gain, since price is lower, total quantity is higher and deadweight loss is lower. The Correct Answer is E.
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