Figure: Monopoly Profits in Duopoly (Figure: Monopoly Profits

Figure: Monopoly Profits in Duopoly (Figure: Monopoly Profits in Oligopoly) Firms in the duopoly industry illustrated in the figure Monopoly Profits in Duopoly have zero fixed costs.If the two firms colluded to maximize their combined economic profits, the market price they would set would be , and combined
Economic profits of the firms would be _.

A) P₁; given by the area of the rectangle bounded by 0P₁CQ4
B) P₁; zero
C) P₃; given by the area of the rectangle bounded by 0P₃AQ₁
D) P₂; given by the area of the rectangle bounded by P₁P₂BG