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Use the Figure to Answer the Following Question(s)

Question 144

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Use the figure to answer the following question(s) .
Figure 11-13
Use the figure to answer the following question(s) . Figure 11-13 If the firms in the industry depicted in Figure 11-13 can effectively operate as a cartel, what would the industry's price and output be? A) price, $10; output, 600 B) price, $20; output, 400 C) price, $25; output, 300 D) price, $30; output, 200
If the firms in the industry depicted in Figure 11-13 can effectively operate as a cartel, what would the industry's price and output be?


A) price, $10; output, 600
B) price, $20; output, 400
C) price, $25; output, 300
D) price, $30; output, 200

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