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Week 7 Discussion
What did Adam Smith mean when he wrote "Seldom do businessmen of the same trade get together but that it results in some detriment to the general public"?
You may also wish to discuss the behavior of an oligopoly using an example such as
U.S. automotive industry
How are these oligopolies alike and different?
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SUBJECTS / CATEGORIES:
1. Business Economics2. Economics3. Macroeconomics