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Figure 11-11 -According to the Graph of an Oligopolistic Industry in Figure

Question 176

Multiple Choice

Figure 11-11
Figure 11-11 -According to the graph of an oligopolistic industry in Figure 11-11 (points A and C lie on the MC curve) ,which of the following statements is correct? A) With perfect collusion,price and outputs are indicated by point A. B) Without collusion,price and outputs are indicated by point B. C) With perfect collusion,price and outputs are indicated by point C. D) With perfect collusion,price and outputs are indicated by point B.
-According to the graph of an oligopolistic industry in Figure 11-11 (points A and C lie on the MC curve) ,which of the following statements is correct?


A) With perfect collusion,price and outputs are indicated by point A.
B) Without collusion,price and outputs are indicated by point B.
C) With perfect collusion,price and outputs are indicated by point C.
D) With perfect collusion,price and outputs are indicated by point B.

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