An Agreement Between Two Duopolists to Function as a Monopolist

Multiple Choice

An agreement between two duopolists to function as a monopolist usually breaks down because

A) they cannot agree on the price that a monopolist would charge.
B) they cannot agree on the output that a monopolist would produce.
C) each duopolist wants a larger share of the market to capture more profit.
D) each duopolist wants to charge a higher price than the monopoly price.