Exhibit 11-4 -Refer to Exhibit 11-4. If the Game Is Played Only

question 65

Multiple Choice

Exhibit 11-4
-Refer to Exhibit 11-4. If the game is played only once, each firm will price so that

• A)one charges the monopoly price and the other charges the competitive price.
• B)both charge the competitive price.
• C)both firms make economic profits.
• D)both charge the monopoly price.
• E)one charges a substantially lower price than the other.

---

Definitions:

Correctly Formatted

Correctly formatted refers to text, data, or other content that has been arranged according to specific rules or standards, making it organized and easy to read or process.

Houghton Mifflin

A renowned publishing company specializing in textbooks, instructional technology, assessments, and other educational materials.

American Government

A system of governance in the United States that operates under a federal structure, including legislative, executive, and judicial branches.

Correctly Formatted

Describes digital or printed content organized according to specific standards or guidelines.