Figure: Collusion (Figure: Collusion) in the Figure Collusion, Panel (C)

question 195

Multiple Choice

Figure: Collusion (Figure: Collusion) In the figure Collusion, panel (c) gives the combined marginal revenue, demand, and marginal cost curves for an industry containing several firms.Panels (a) and (b) give marginal cost curves for two of those firms.The price charged by the industry with collusion is shown by:

• A)W.
• B)X.
• C)Y.
• D)Z.

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