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-(Exhibit: Monopoly Through Collusion) the Exhibit Illustrates the Situation in an Industry

Question 116

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-(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 D<sub>1</sub>. Which of the following assumptions is not a part of the analysis illustrated by the model? A) The two firms are identical. B) The two firms sell identical products. C) While the firms face the same MC curves, their respective TC curves have unequal slopes. D) Each firm has a horizontal marginal cost curve.
-(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. Which of the following assumptions is not a part of the analysis illustrated by the model?


A) The two firms are identical.
B) The two firms sell identical products.
C) While the firms face the same MC curves, their respective TC curves have unequal slopes.
D) Each firm has a horizontal marginal cost curve.

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