If oligopolistic firms banded together with the intention of acting like a monopoly, it would likely result in their being able to
A) divide up the monopoly level of profit amongst themselves.
B) hold down output in the short-run.
C) charge a higher price in the short-run.
D) both b and c above are correct.

Question

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The Answer of If oligopolistic firms banded together with the intention of acting like a monopoly, it would likely result in their being able to
A) divide up the monopoly level of profit amongst themselves.
B) hold down output in the short-run.
C) charge a higher price in the short-run.
D) both b and c above are correct.

If Oligopolistic Firms Banded Together with the Intention of Acting