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Quick Buck and Pushy Sales Produce and Sell Identical Products

question 64

Multiple Choice

Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product.   If Quick Buck and Pushy Sales decide to collude and work together as a monopolist, then together they should produce ________ units per month and charge ________ per unit. A) 3,000; $1 B) 4,000; $2 C) 2,000; $2 D) 1,000; $3 If Quick Buck and Pushy Sales decide to collude and work together as a monopolist, then together they should produce ________ units per month and charge ________ per unit.


Definitions:

Ethical Rules

Guidelines designed to dictate appropriate and moral behavior within a specific context or profession.

Adversarial System

A legal system where two opposing parties present their cases to an impartial judge or jury.

Ethical Rules

Prescribed guidelines designed to direct the behavior of individuals or members of a profession according to what is right or wrong.

Adversarial System

A legal system where two opposing parties present their case to an impartial judge or jury, common in common law jurisdictions.

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