An Agreement Between Two Duopolists to Function as a Monopolist

question 9

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 to capture more profit.
• D)each duopolist wants to charge a higher price than the monopoly price.

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