Multiple Choice
Three firms agree to operate as a monopoly and charge the monopoly price of $40 for their product and (jointly) produce the monopoly quantity of 50,000 units. If the competitive price for the product is $35, under the Clayton Act these three firms face treble damages of _______.
A) $3,000,000
B) $750,000
C) $1,000,000
D) $250,000
Correct Answer:
Verified
Correct Answer:
Verified
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