-(Exhibit: Monopoly Through Collusion) the Exhibit Illustrates the Situation in an Industry

question 90

Multiple Choice

-(Exhibit: Monopoly Through Collusion) The exhibit illustrates the situation in an industry that consists of two firms facing identical demand curves; the demand curve for each firm is D₁. Which of the following assumptions is not a part of the analysis illustrated by the model?

• A) The two firms are identical.
• B) The two firms sell identical products.
• C) While the firms face the same MC curves, their respective TC curves have unequal slopes.
• D) Each firm has a horizontal marginal cost curve.

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