==+the difference in prices; if the two firms colluded and set the same price, they could make

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==+the difference in prices; if the two firms colluded and set the same price, they could make that price as high as they wanted, and earn infinite profits. Marginal costs are zero.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Oct 26, 2024 06:00 AM

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==+the difference in prices; if the two firms colluded and set the same price, they could make

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Microeconomics

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