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.
Correct Answer:

Verified
Correct Answer:
Verified
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