Which of the following statements is correct? a

Subject:MarketingPrice:2.88 Bought3

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Which of the following statements is correct?

a. If duopolists successfully collude, then their combined output will be equal to the output that would be observed if the market were a monopoly,

b. Although the logic of self-interest decreases a duopoly's price below the monopoly price, it does not push the duopolists to reach the competitive price,

c. Although the logic of self-interest increases a duopoly's level of output above the monopoly level, it does not push the duopolists to reach the competitive level,

d. All of the above are correct.