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.

---

Definitions:

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.

Alcohol Consumption

The act of drinking beverages that contain ethanol, ranging from occasional drinking to alcohol dependence.

Daytime Power Naps

Short sleeps taken during the day to boost energy and alertness without interfering with nighttime sleep.

Emotional Stress

A state of emotional or psychological strain or tension resulting from demanding circumstances or events.