Answer:
a. divide up the monopoly level of profit amongst themselves
Explanation:
Here are the options :
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
An oligopoly is when there are few firms operating in an industry.
characteristics of an oligopoly includes :
1. few large firms operating in the industry
2.high barriers to entry or exit of firms.
when oligopolistic firms banded together with the intention of acting like a monopoly, it is known as a collusion.
when there is a collusion, the firms act like a monopoly, that is they decide on the price or quantity to sell at. the profits they earn is divided among the firms
