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Answer to Question #136242 in Microeconomics for Russel N. Pening

Question #136242
If the members of an oligopoly could agree on a total quantity to produce, what quantity would they choose?
1
Expert's answer
2020-10-02T06:47:54-0400

They would choose the monopoly quantity. The members would collude as if their were a monopoly. The monopoly market structure could help them maximize their profits


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