The Maximum Total Economic Profit That Can Be Made by Colluding

question 6

Multiple Choice

The maximum total economic profit that can be made by colluding duopolists

• A) is less than the economic profit made by a monopolist.
• B) equals the economic profit made by a monopolist.
• C) exceeds the economic profit made by a monopolist.
• D) bears no necessary relation to the economic profit made by a monopolist.

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