Multiple Choice
Three firms agree to operate as a monopoly and charge the monopoly price of $80 for their product and (jointly) produce the monopoly quantity of 5,000 units. If the competitive price for the product is $40, under the Clayton Act these three firms face treble damages of_______ .
A) $200,000
B) $3,000,000
C) $1,000,000
D) $600,000
Correct Answer:
Verified
Correct Answer:
Verified
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