Firm JKL and Firm MNO are two firms in an oligopoly market. Table 2 shows possible profit outcomes for each firm for various combinations of pricing decisions. Table 2: Summary of Possible Profit Outcomes for Firms in an Oligopoly Market [table] | Firm JKL Charge a high price | Charge a low price Firm MNO | Charge a high price | Both firms earn $80 million profit each | Firm JKL earns $120 million profit; Firm MNO earns $20 million profit Charge a low price | Firm JKL earns $20 million profit; Firm MNO earns $120 million profit | Both firms earn $40 million profit each [/table] If Firm JKL and Firm MNO act in collusive manner what would be the likely outcome?单项选择题

题目图片
A

a. Both firms will earn $40 million profit each

B

b. Firm JKL will earn $20 million profit; Firm MNO will earn $100 million profit

C

c. Firm MNO will earn $120 million profit; Firm JKL will earn $20 million profit.

D

d. Both firms will earn $80 million profit each.

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