Suppose that the firms collude and become a cartel The best level of – McqOptions

MCQOPTIONS

1.	Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
A.	2 million barrels per day, $100, $60 million
B.	4 million barrels per day, $80, $160 million
C.	6 million barrels per day, $60, $60 million
D.	8 million barrels per day, $40, $20 million
Answer» C. 6 million barrels per day, $60, $60 million

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