An Agreement Between Two Duopolists to Function as a Monopolist

question 166

Multiple Choice

An agreement between two duopolists to function as a monopolist usually breaks down because

• A) they cannot agree on the price that a monopolist would charge.
• B) they cannot agree on the output that a monopolist would produce.
• C) each duopolist wants a larger share of the market in order to capture more profit.
• D) each duopolist wants to charge a higher price than the monopoly price.

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