To Maximize Joint Profits,a Cartel Must Determine the Level of Output

question 37

Multiple Choice

To maximize joint profits,a cartel must determine the level of output at which:

• A)joint marginal revenue equals the marginal cost of the largest member of the cartel.
• B)marginal revenue equals joint marginal cost.
• C)the horizontally sum of the members marginal cost curves is at a minimum.
• D)joint marginal revenue equals the marginal cost of the smallest member of the cartel.

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