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Figure 8.7 -Figure 8.7 Shows a Successful Price-Fixing Arrangement (Cartel) Between Two

Question 193

Multiple Choice

Figure 8.7 -Figure 8.7 shows a successful price-fixing arrangement (cartel) between two identical firms. When the two firms act like one and charge the same price, each firm will earn an economic profit of ________. A) $1,250 B) $1,000 C) $500 D) $0 Figure 8.7
-Figure 8.7 shows a successful price-fixing arrangement (cartel) between two identical firms. When the two firms act like one and charge the same price, each firm will earn an economic profit of ________.


A) $1,250
B) $1,000
C) $500
D) $0

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