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Q. Which of the following is an example of strategic behaviour?

Q. If a more efficient technology was discovered by a firm, there would be:

Q. Which of the following would decrease the supply of wheat?

Q. Which of the following shifts the demand for watches to the right?

Q. If there is excess capacity in a production facility, it is likely that the firm’s supply curve is:

Q. A plan of action that considers the reactions of rivals is an example of

Q. The law of diminishing returns states that:

Q. Which one of the following conditions is required for the success of a tit-for-tat strategy?

Q. In a cartel:

Q. In cartels