Use the figure to answer the following question(s).
Figure 11-13
-If the firms in the industry depicted in Figure 11-13 can effectively operate as a cartel, what would the industry's price and output be?
A) price, $10; output, 600
B) price, $20; output, 400
C) price, $25; output, 300
D) price, $30; output, 200

Question

Use the figure to answer the following question(s).
Figure 11-13 
-If the firms in the industry depicted in Figure 11-13 can effectively operate as a cartel, what would the industry's price and output be?
A) price, $10; output, 600 
B) price, $20; output, 400 
C) price, $25; output, 300 
D) price, $30; output, 200

Quizplus · Accepted Answer

The Answer of Use the figure to answer the following question(s).
Figure 11-13 
-If the firms in the industry depicted in Figure 11-13 can effectively operate as a cartel, what would the industry's price and output be?
A) price, $10; output, 600 
B) price, $20; output, 400 
C) price, $25; output, 300 
D) price, $30; output, 200

Use the Figure to Answer the Following Question(s)