Use the Following to Answer Question(s): Monopoly Through Collusion

Multiple Choice

Use the following to answer question(s) : Monopoly Through Collusion

-(Exhibit: Monopoly Through Collusion) The exhibit illustrates the situation in an industry that consists of two firms facing identical demand curves; the demand curve for each firm is D₁.If the firms collude and agree to share the market demand equally, then each firm will act as if its demand curve is given by _______ and the market demand curve is given by _______ .

A) D₁; MR₂
B) D₂; D₁
C) D₁; D₂
D) MR₁; MR₂