Multiple Choice
Australian
-There are two can companies, Australian and National, which have entered into a collusive agreement. The payoff matrix of economic profits is above. If both firms cheat on the collusive agreement, what amount of economic profit is made by Australian?
A) - $2,000
B) $3,000
C) $4,000
D) $0
Correct Answer:

Verified
Correct Answer:
Verified
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