If There Is a Collusive Agreement in a Duopoly to Maximize

question 125

Multiple Choice

If there is a collusive agreement in a duopoly to maximize profit, then the price will

• A) equal the marginal cost of production.
• B) equal the average total cost of production.
• C) be the same as the price set by a monopoly.
• D) be the same as the price set by a competitive industry.

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Definitions:

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