Exhibit 11-4 -Refer to Exhibit 11-4. the Highest Combined Profits of Firms

Multiple Choice

Exhibit 11-4
-Refer to Exhibit 11-4. The highest combined profits of firms A and B are

A) $10,000, where both charge the monopoly price.
B) $15,000, where one charges the monopoly price and the other charges the competitive price.
C) $20,000, where both charge the monopoly price.
D) $20,000, where both charge the competitive price.
E) $0, where both charge the competitive price.