Firms banded together with intention of acting like monopoly

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Reference no: EM13984251

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

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

Reference no: EM13984251

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