Business, 08.01.2020 04:31 whitefang3153

An agreement between two duopolists to function as a monopolist usually breaks down because:

a. they cannot agree on the price that a monopolist would charge.

b. they cannot agree on the output that a monopolist would produce.

c. each duopolist wants a larger share of the market to capture more profit.

d. each duopolist wants to charge a higher price than the monopoly price.

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An agreement between two duopolists to function as a monopolist usually breaks down because:
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