Economics Mcqs
Q Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
  • A A. 2 million barrels per day, $100, $60 million
  • B B. 4 million barrels per day, $80, $160 million
  • C C. 6 million barrels per day, $60, $60 million
  • D D. 8 million barrels per day, $40, $20 million
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