In spite of the stated goal of discouraging behavior, if a sumptuary tax is applied on _____, behavior will not change very much

If an oligopolistic game is repeatedly played, which of the following can occur?

A) Players can learn ways to cooperate and earn an economic profit. B) The competitive price and output consistently is the final result. C) Firms can learn how to cheat more effectively on the other player. D) One firm will be driven out of business. E) An implicit agreement is reached in which one firm constantly cheats on the cartel and the other firm complies with it.

Refer to Figure 3-5. At a price of $0,

A) there is a shortage of 0 units. B) there is a surplus of 8 units. C) there is a surplus of 0 units. D) there is a shortage of 8 units.