Use the Figure to Answer the Following Question(s)

question 153

Multiple Choice

Use the figure to answer the following question(s) .
Figure 11-13
-Using Figure 11-13, determine the maximum joint monthly profit of the firms if they operate as a cartel.

• A) zero
• B) $1,500
• C) $3,000
• D) $4,500

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Definitions:

External Financing

Funds that a business obtains from outside sources to cover its operational needs and finance growth, including debt and equity financing.

Internal

Pertaining to activities, operations, or factors that occur or exist within an organization or entity.

Full Capacity

The maximum level of output that a company can produce under normal conditions over a given time period.