-(Exhibit: Monopoly Through Collusion) Given the duopoly industry illustrated in the exhibit, if each firm acted on the belief that it faced demand curve D₂ and acted without consideration of the other, each firm would attempt to maximize economic profits by producing quantity _______ and setting price equal to _______ .

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The Answer of -(Exhibit: Monopoly Through Collusion) Given the duopoly industry illustrated in the exhibit, if each firm acted on the belief that it faced demand curve D₂ and acted without consideration of the other, each firm would attempt to maximize economic profits by producing quantity _______ and setting price equal to _______ . A) Q₄; P₁ B) Q₄; P₂ C) Q₁; P3 D) Q₂; P₂

-(Exhibit: Monopoly Through Collusion) Given the Duopoly Industry Illustrated in the Exhibit