Relative to a profit-maximizing competitively organized industry that is producing 6,000 units of output at a price of $7 per unit, firms acting collusively under the same circumstances would produce ________ units of output and charge a price of ________ per unit.
A. more than 6,000; more than $7
B. 6,000; $7
C. less than 6,000; more than $7
D. less than 6,000; less than $7
Answer: C
Economics
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