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Use the Table, with Data for Bella and Martin, to Answer

Question 118

Multiple Choice

Use the table, with data for Bella and Martin, to answer the question.
If Bella and Martin collude, then Bella's price will be _____, and Martin's price will be _____.
 Table: Bella’s and Martin’s Auto Oil Change Companies  Martin’s price =$35 Martin’s price =$50 Bella’s price = Bella’s profit =$4,000 Bella’s profit =$6,000$40 Martin’s profit =$3,500 Martin’s profit =$1,000 Bella’s price = Bella’s profit =$1,000 Bella’s profit =$5,000$55 Martin’s profit =$5,500 Martin’s profit =$5,000\begin{array}{l}\text { Table: Bella's and Martin's Auto Oil Change Companies }\\\begin{array} { | l | l | l | } \hline & { \text { Martin's price } = \$ 35 } & { \text { Martin's price } = \$ 50 } \\\hline \text { Bella's price } = & \text { Bella's profit } = \$ 4,000 & \text { Bella's profit } = \$ 6,000 \\\$ 40 & \text { Martin's profit } = \$ 3,500 & \text { Martin's profit } = \$ 1,000 \\\hline \text { Bella's price } = & \text { Bella's profit } = \$ 1,000 & \text { Bella's profit } = \$ 5,000 \\\$ 55 & \text { Martin's profit } = \$ 5,500 & \text { Martin's profit } = \$ 5,000 \\\hline\end{array}\end{array}


A) $55; $50
B) $55; $35
C) $40; $50
D) $40; $35

Correct Answer:

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