Multiple Choice
A collusion breaks down if ________.
A) a firm charges a higher price than the price set by the other colluding firms
B) a firm charges a lower price than the price set by the other colluding firms
C) the price set by the colluding firms equals the marginal cost of production
D) the price set by the colluding firms exceeds the marginal cost of production
Correct Answer:
Verified
Correct Answer:
Verified
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