(Figure: Market for Four-Firm Industry I) The graph depicts a four-firm industry with no fixed costs. Suppose that the four firms are colluding by acting like a monopolist, with each firm producing one-fourth of the market output. If one of the firms cheats on the cartel agreement and produces an additional unit of output, the profits of each of the compliant firms go from:

Question

(Figure: Market for Four-Firm Industry I) The graph depicts a four-firm industry with no fixed costs.  Suppose that the four firms are colluding by acting like a monopolist, with each firm producing one-fourth of the market output. If one of the firms cheats on the cartel agreement and produces an additional unit of output, the profits of each of the compliant firms go from:

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The Answer of (Figure: Market for Four-Firm Industry I) The graph depicts a four-firm industry with no fixed costs.  Suppose that the four firms are colluding by acting like a monopolist, with each firm producing one-fourth of the market output. If one of the firms cheats on the cartel agreement and produces an additional unit of output, the profits of each of the compliant firms go from:

(Figure: Market for Four-Firm Industry I) the Graph Depicts a Four-Firm