If both firms in a duopoly cheat on a collusive agreement, the price ________ and both firms are ________

Explain why some argue that income tax loopholes primarily benefit the rich

Consider Figure 8.9. David chooses to charge a low price:

A. only if Becky chooses a high price. B. only if Becky chooses a low price. C. regardless of whether Becky chooses a high or low price. D. in order to induce Becky to choose a high price.