If There Is a Successful Collusive Agreement in a Duopoly

question 50

Multiple Choice

If there is a successful collusive agreement in a duopoly to maximize profit,

• A)the market price will equal the marginal cost of production.
• B)the market price will equal the average total cost of production.
• C)the price will be the same as the price in a perfectly competitive market.
• D)the price will be the monopoly price.
• E)the market marginal revenue will be the same as the demand curve.

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