The table below shows annual profits received by two oligopolists, Alpha and Beta, depending on whether each company decides whether to live within the collusive agreement they have signed to charge a high price, or to cheat and charge a lower price.
-Based on the table,if Alpha doesn't cheat,while Beta charges a lower price than the one agreed upon between the two companies,then Alpha receives an annual profit of:
A) $3 million and Beta receives an annual profit of $6 million
B) $5 million and Beta also receives an annual profit of $5 million
C) $6 million and Beta receives an annual profit of $3 million
D) $4 million and Beta also receives an annual profit of $4 million
E) $20 million and Beta receives an annual profit of $18 million
Correct Answer:
Verified
Q51: The table below shows annual profits
Q52: The table below shows the number
Q53: The table below shows the number
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents