Prices of PlayStation 5 game systems are similar at almost every large retailer and little price competition occurs among these retailers. An explanation for this is

A) retailers are in a prisoner's dilemma which causes them to all charge the same price for PlayStation 5 game systems.

B) pricing PlayStation 5 game systems is a repeated game. Over a long period of time, a cooperative equilibrium has been reached where retailers charge high prices for these systems.

C) retailers have lobbied state governments to allow them to collude legally to set the prices of certain products.

D) retailers are all price takers.

quantity [gallons) Total Cost [dollars) Variable Cost (dollars] 200 10 20 200 DE 560 360 40 760 560 50 1,000 800 GO 1,320 1,1.20 Table 12-3 shows the short-run cost data of a perfectly competitive firm that produces paint . Assume that output can only be Increased In batches of 10 gallora. Refer to Table 12-3. The firm will not produce in the short run If the per gallon output price falls below $10. C $12. D ) $14