If Firms in an Oligopoly Industry Producing Differentiated Products Collude,________

Multiple Choice

If firms in an oligopoly industry producing differentiated products collude,________.

A) they collectively produce the monopoly output level and divide the monopoly profits
B) they produce the same output level as noncollusive oligopoly, but deter entry
C) they increase output and decrease price to deter entry
D) they collectively produce up until Price = Marginal cost