Relative to a Competitively Organized Industry, Firms Acting Collusively Are

Multiple Choice

Relative to a competitively organized industry, firms acting collusively are more likely to produce

A) more output; charge higher prices, and earn economic profits.
B) less output, charge lower prices, and earn economic profits.
C) less output, charge lower prices, and earn only a normal profit.
D) less output, charge higher prices, and earn economic profits.