Question

Suppose in the U.S., market demand for bottled water is low enough that one firm could supply all of the demand. Two firms enter the market and agree to charge a price above the marginal cost of production. We can expect that

Answer 1

The Correct Answer is C

This agreement will collapse

Step-by-step explanation:

This contract will fall, So, The U.S. economy's largeness performs it flexibly. It is pretty not possible that even these incidents could cause a fall. The Federal Reserve's contractionary monetary mechanisms may tame hyperinflation. The Federal Deposit Insurance Corporation protects banks, Homeland Security functions tackle a cyber warning. If not, the economy can regularly respond in mockery of what it performed before the internet.