If duopoly firms that are not colluding were able to successfully collude, then

A) price and quantity would rise.
B) price and quantity would fall.
C) price would rise and quantity would fall.
D) price would fall and quantity would rise.

Colluding Duopoly Firms

Two firms in a duopolistic market condition that agree, often secretly or illegally, to set prices or control the market in a way that disadvantages competitors or exploits consumers.

Price Rise

An increase in the cost of goods or services, often equated with inflation but can also indicate a market adjustment due to supply and demand.

Quantity Fall

This term is not widely recognized as a standard economic or financial term. NO.