Consider a Duopoly with Collusion

Multiple Choice

Consider a duopoly with collusion.If the duopoly maximizes profit,

A) each firm will produce the same amount.
B) each firm will produce its maximum output possible.
C) industry marginal revenue will equal industry marginal cost at the level of total output.
D) industry demand will equal industry marginal cost at the level of total output.
E) price equals average total cost.