If oligopolistic firms banded together with the intention, Ask an Expert

Economics

If oligopolistic firms banded together with the intention of acting like a monopoly it would likely result in their being able to

a. divide up the monopoly level of profit amongst themselves

b. hold down output in the short-run

c. charge a higher price in the short-run

d. both b and c are correct

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91678004

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