CupcakeTwist3010 CupcakeTwist3010

06-03-2024
Business

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Two duopoly firms form a cartel. They decide to collude and fix the price of their good. Each individual firm will earn the highest profit if?
1) They produce more than the equiLiBrium quantity
2) They produce less than the equiLiBrium quantity
3) They produce at the equiLiBrium quantity
4) They produce at a quantity greater than the equiLiBrium quantity

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