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

a. divide up the monopoly level of profit amongst themselves

Explanation:

Here are the options :

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

An oligopoly is when there are few firms operating in an industry.

characteristics of an oligopoly includes :

1. few large firms operating in the industry

2.high barriers to entry or exit of firms.

when oligopolistic firms banded together with the intention of acting like a monopoly, it is known as a collusion.

when there is a collusion, the firms act like a monopoly, that is they decide on the price or quantity to sell at. the profits they earn is divided among the firms

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"