An antitrust agency is identifying the product market for Good X and determines that Good X and Good Y have a cross-price elasticity of 0.01. As a result of the cross-price elasticity, the antitrust agency is likely to ________ Good Y from Good X's product market as the products ________ compete as close substitutes.
A) exclude; do
B) include; do
C) exclude; do not
D) include; do not
C) exclude; do not
Economics
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What happens in a duopoly if both firms try to act as the Stackelberg leader?
What will be an ideal response?
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