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Figure 1 -Refer to Figure 1

Question 25

Multiple Choice

Figure 1  Price  Quantity 60510004200033000240001500006000\begin{array}{|c|c|}\hline \text { Price } & \text { Quantity } \\\hline € 6 & 0 \\\hline 5 & 1000 \\\hline 4 & 2000 \\\hline 3 & 3000 \\\hline 2 & 4000 \\\hline 1 & 5000 \\\hline 0 & 6000 \\\hline\end{array}
-Refer to Figure 1. If the duopolists in this football market collude and successfully form a cartel, how much profit will each earn?


A) €4,500
B) €4,000
C) €1,500
D) €9,000
E) €3,000

Correct Answer:

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