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Business, 17.12.2019 19:31 erikasanchez2013

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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